Loan Comparison: 3.25% vs 6.5%
9225 Chieftan Drive, Colorado Springs, CO 80925 · 5bd/3ba · $439,000
List Price
$439,000
Assumable Rate
3.25%
Remaining Balance
$52,962
Equity Gap
$386,038
Loan Type
VAAdjust Your Scenario
$21,950
$21,950$386,038
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.25% (VA)
Blended Rate: 6.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,636/moAssumable @ 3.25% + gap loan
$2,776/moAssumed loan: $230/mo
Gap financing: $2,546/mo
Your Savings on This Property
9225 Chieftan Drive, Colorado Springs · 3.25% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($386,038) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,950, 5% of purchase price) and a second mortgage for the rest ($364,088 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 9225 Chieftan Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.