Loan Comparison: 4.06% vs 6.5%
1609 Gold Hill Mesa Drive, Colorado Springs, CO 80905 · 2bd/1ba · $350,000
List Price
$350,000
Assumable Rate
4.06%
Remaining Balance
$227,235
Equity Gap
$122,764
Loan Type
VAAdjust Your Scenario
$17,500
$17,500$122,764
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.06% (VA)
Blended Rate: 5.15%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,102/moAssumable @ 4.06% + gap loan
$1,829/moAssumed loan: $1,093/mo
Gap financing: $736/mo
$273less per month with the assumable
Your Savings on This Property
1609 Gold Hill Mesa Drive, Colorado Springs · 4.06% VA vs 6.5% conventional
$273
per month
$3,275
per year
$98,235
over 30 years
$98,234
interest saved
How gap financing works: The equity gap ($122,764) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,500, 5% of purchase price) and a second mortgage for the rest ($105,264 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 1609 Gold Hill Mesa Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.