Loan Comparison: 2.81% vs 6.5%
475 Cielo Vista, Colorado Springs, CO 80911 · 6bd/4ba · $447,499
List Price
$447,499
Assumable Rate
2.81%
Remaining Balance
$350,382
Equity Gap
$97,117
Loan Type
VAAdjust Your Scenario
$22,375
$22,375$97,117
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 3.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,687/moAssumable @ 2.81% + gap loan
$2,016/moAssumed loan: $1,442/mo
Gap financing: $575/mo
$671less per month with the assumable
Your Savings on This Property
475 Cielo Vista, Colorado Springs · 2.81% VA vs 6.5% conventional
$671
per month
$8,050
per year
$241,491
over 30 years
$241,491
interest saved
How gap financing works: The equity gap ($97,117) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,375, 5% of purchase price) and a second mortgage for the rest ($74,742 at 8.5%). 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 475 Cielo Vista.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.