Loan Comparison: 3.75% vs 6.5%
2025 Heathercrest Drive, Colorado Springs, CO 80915 · 2bd/2ba · $365,000
List Price
$365,000
Assumable Rate
3.75%
Remaining Balance
$226,728
Equity Gap
$138,271
Loan Type
VAAdjust Your Scenario
$18,250
$18,250$138,271
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 5.05%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 3.75% + gap loan
$1,889/moAssumed loan: $1,050/mo
Gap financing: $839/mo
$302less per month with the assumable
Your Savings on This Property
2025 Heathercrest Drive, Colorado Springs · 3.75% VA vs 6.5% conventional
$302
per month
$3,630
per year
$108,892
over 30 years
$108,891
interest saved
How gap financing works: The equity gap ($138,271) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($120,021 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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