Loan Comparison: 3.07% vs 6.5%
5872 Canyon Reserve Heights, Colorado Springs, CO 80919 · 3bd/3ba · $445,000
List Price
$445,000
Assumable Rate
3.07%
Remaining Balance
$328,291
Equity Gap
$116,709
Loan Type
VAAdjust Your Scenario
$22,250
$22,250$116,709
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 4.06%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,672/moAssumable @ 3.07% + gap loan
$2,057/moAssumed loan: $1,397/mo
Gap financing: $660/mo
$615less per month with the assumable
Your Savings on This Property
5872 Canyon Reserve Heights, Colorado Springs · 3.07% VA vs 6.5% conventional
$615
per month
$7,381
per year
$221,430
over 30 years
$221,430
interest saved
How gap financing works: The equity gap ($116,709) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,250, 5% of purchase price) and a second mortgage for the rest ($94,459 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 5872 Canyon Reserve Heights.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.