Loan Comparison: 3.375% vs 6.5%
2374 Cinnabar, Colorado Springs, CO 80921 · 5bd/5ba · $649,900
List Price
$649,900
Assumable Rate
3.375%
Remaining Balance
$328,844
Equity Gap
$318,519
Loan Type
VAAdjust Your Scenario
$32,495
$32,495$318,519
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.375% (VA)
Blended Rate: 5.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,902/moAssumable @ 3.375% + gap loan
$3,653/moAssumed loan: $1,454/mo
Gap financing: $2,199/mo
$249less per month with the assumable
Your Savings on This Property
2374 Cinnabar, Colorado Springs · 3.375% VA vs 6.5% conventional
$249
per month
$2,992
per year
$89,761
over 30 years
$87,224
interest saved
How gap financing works: The equity gap ($318,519) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,495, 5% of purchase price) and a second mortgage for the rest ($286,024 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 2374 Cinnabar.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.