Loan Comparison: 5.375% vs 6.5%
7384 Bonterra Lane, Colorado Springs, CO 80925 · 4bd/3ba · $529,900
List Price
$529,900
Assumable Rate
5.375%
Remaining Balance
$498,017
Equity Gap
$31,883
Loan Type
VAAdjust Your Scenario
$26,495
$26,495$31,883
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.375% (VA)
Blended Rate: 5.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 5.375% + gap loan
$2,826/moAssumed loan: $2,789/mo
Gap financing: $38/mo
$355less per month with the assumable
Your Savings on This Property
7384 Bonterra Lane, Colorado Springs · 5.375% VA vs 6.5% conventional
$355
per month
$4,265
per year
$127,957
over 30 years
$127,957
interest saved
How gap financing works: The equity gap ($31,883) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,495, 5% of purchase price) and a second mortgage for the rest ($5,388 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 7384 Bonterra Lane.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.