Loan Comparison: 3.1% vs 6.5%
9920 Hodgen Road, Colorado Springs, CO 80908 · 6bd/5ba · $930,000
List Price
$930,000
Assumable Rate
3.1%
Remaining Balance
$584,024
Equity Gap
$345,975
Loan Type
VAAdjust Your Scenario
$46,500
$46,500$345,975
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.1% (VA)
Blended Rate: 4.59%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,584/moAssumable @ 3.1% + gap loan
$4,588/moAssumed loan: $2,494/mo
Gap financing: $2,094/mo
$996less per month with the assumable
Your Savings on This Property
9920 Hodgen Road, Colorado Springs · 3.1% VA vs 6.5% conventional
$996
per month
$11,958
per year
$358,729
over 30 years
$358,728
interest saved
How gap financing works: The equity gap ($345,975) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($46,500, 5% of purchase price) and a second mortgage for the rest ($299,475 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 9920 Hodgen Road.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.