Loan Comparison: 5.52% vs 6.5%
1325 Deby, Colorado Springs, CO 80921 · 3bd/4ba · $649,000
List Price
$649,000
Assumable Rate
5.52%
Remaining Balance
$555,841
Equity Gap
$93,158
Loan Type
VAAdjust Your Scenario
$32,450
$32,450$93,158
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 5.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,897/moAssumable @ 5.52% + gap loan
$3,630/moAssumed loan: $3,163/mo
Gap financing: $467/mo
$267less per month with the assumable
Your Savings on This Property
1325 Deby, Colorado Springs · 5.52% VA vs 6.5% conventional
$267
per month
$3,207
per year
$96,207
over 30 years
$96,206
interest saved
How gap financing works: The equity gap ($93,158) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,450, 5% of purchase price) and a second mortgage for the rest ($60,708 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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