Loan Comparison: 3.91% vs 6.5%
4530 Sierra Rica, Colorado Springs, CO 80911 · 5bd/4ba · $510,000
List Price
$510,000
Assumable Rate
3.91%
Remaining Balance
$172,841
Equity Gap
$334,054
Loan Type
VAAdjust Your Scenario
$25,500
$25,500$334,054
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.91% (VA)
Blended Rate: 6.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,062/moAssumable @ 3.91% + gap loan
$3,189/moAssumed loan: $816/mo
Gap financing: $2,373/mo
Your Savings on This Property
4530 Sierra Rica, Colorado Springs · 3.91% 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 ($334,054) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,500, 5% of purchase price) and a second mortgage for the rest ($308,554 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.
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