Loan Comparison: 3.08% vs 6.5%
4846 Justeagen, Colorado Springs, CO 80911 · 4bd/3ba · $428,000
List Price
$428,000
Assumable Rate
3.08%
Remaining Balance
$362,909
Equity Gap
$65,091
Loan Type
VAAdjust Your Scenario
$21,400
$21,400$65,091
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 3.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,570/moAssumable @ 3.08% + gap loan
$1,882/moAssumed loan: $1,546/mo
Gap financing: $336/mo
$688less per month with the assumable
Your Savings on This Property
4846 Justeagen, Colorado Springs · 3.08% VA vs 6.5% conventional
$688
per month
$8,260
per year
$247,788
over 30 years
$247,788
interest saved
How gap financing works: The equity gap ($65,091) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,400, 5% of purchase price) and a second mortgage for the rest ($43,691 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 4846 Justeagen.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.