Loan Comparison: 3.13% vs 6.5%
2910 Rolling Wood Loop, Colorado Springs, CO 80918 · 2bd/2ba · $455,000
List Price
$455,000
Assumable Rate
3.13%
Remaining Balance
$239,834
Equity Gap
$215,165
Loan Type
VAAdjust Your Scenario
$22,750
$22,750$215,165
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.13% (VA)
Blended Rate: 5.08%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,732/moAssumable @ 3.13% + gap loan
$2,373/moAssumed loan: $1,028/mo
Gap financing: $1,345/mo
$359less per month with the assumable
Your Savings on This Property
2910 Rolling Wood Loop, Colorado Springs · 3.13% VA vs 6.5% conventional
$359
per month
$4,304
per year
$129,124
over 30 years
$129,123
interest saved
How gap financing works: The equity gap ($215,165) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,750, 5% of purchase price) and a second mortgage for the rest ($192,415 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.
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