Loan Comparison: 5.69% vs 6.5%
8079 Lexington Park Drive, Colorado Springs, CO 80920 · 2bd/2ba · $285,000
List Price
$285,000
Assumable Rate
5.69%
Remaining Balance
$49,011
Equity Gap
$235,988
Loan Type
VAAdjust Your Scenario
$14,250
$14,250$235,988
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.69% (VA)
Blended Rate: 7.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,711/moAssumable @ 5.69% + gap loan
$1,835/moAssumed loan: $284/mo
Gap financing: $1,550/mo
Your Savings on This Property
8079 Lexington Park Drive, Colorado Springs · 5.69% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($235,988) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,250, 5% of purchase price) and a second mortgage for the rest ($221,738 at 7.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
🏠
Back to This Listing
View photos, details, and request a showing for 8079 Lexington Park Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.