Loan Comparison: 6.74% vs 6.5%
4932 Gami Way, Colorado Springs, CO 80911 · 5bd/3ba · $515,000
List Price
$515,000
Assumable Rate
6.74%
Remaining Balance
$478,688
Equity Gap
$36,312
Loan Type
VAAdjust Your Scenario
$25,750
$25,750$36,312
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.74% (VA)
Blended Rate: 6.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 6.74% + gap loan
$3,175/moAssumed loan: $3,102/mo
Gap financing: $74/mo
Your Savings on This Property
4932 Gami Way, Colorado Springs · 6.74% 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 ($36,312) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($10,562 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 4932 Gami Way.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.