Loan Comparison: 3.06% vs 6.5%
7246 Dutch, Colorado Springs, CO 80925 · 4bd/4ba · $520,000
List Price
$520,000
Assumable Rate
3.06%
Remaining Balance
$283,276
Equity Gap
$263,441
Loan Type
VAAdjust Your Scenario
$26,000
$26,000$263,441
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 5.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 3.06% + gap loan
$3,029/moAssumed loan: $1,203/mo
Gap financing: $1,826/mo
$93less per month with the assumable
Your Savings on This Property
7246 Dutch, Colorado Springs · 3.06% VA vs 6.5% conventional
$93
per month
$1,119
per year
$33,556
over 30 years
$60,273
interest saved
How gap financing works: The equity gap ($263,441) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($237,441 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 7246 Dutch.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.