Loan Comparison: 2.7% vs 6.5%
4777 Sleepy Hollow Circle, Colorado Springs, CO 80917 · 4bd/2ba · $395,000
List Price
$395,000
Assumable Rate
2.7%
Remaining Balance
$189,748
Equity Gap
$205,251
Loan Type
VAAdjust Your Scenario
$19,750
$19,750$205,251
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.7% (VA)
Blended Rate: 5.07%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,372/moAssumable @ 2.7% + gap loan
$2,067/moAssumed loan: $770/mo
Gap financing: $1,297/mo
$305less per month with the assumable
Your Savings on This Property
4777 Sleepy Hollow Circle, Colorado Springs · 2.7% VA vs 6.5% conventional
$305
per month
$3,662
per year
$109,862
over 30 years
$109,861
interest saved
How gap financing works: The equity gap ($205,251) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,750, 5% of purchase price) and a second mortgage for the rest ($185,501 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 4777 Sleepy Hollow Circle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.