Loan Comparison: 3.99% vs 6.5%
7551 Dutch Loop, Colorado Springs, CO 80925 · 3bd/3ba · $575,000
List Price
$575,000
Assumable Rate
3.99%
Remaining Balance
$319,526
Equity Gap
$255,473
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$255,473
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.99% (VA)
Blended Rate: 5.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 3.99% + gap loan
$3,109/moAssumed loan: $1,524/mo
Gap financing: $1,585/mo
$344less per month with the assumable
Your Savings on This Property
7551 Dutch Loop, Colorado Springs · 3.99% VA vs 6.5% conventional
$344
per month
$4,125
per year
$123,756
over 30 years
$123,755
interest saved
How gap financing works: The equity gap ($255,473) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($226,723 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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