Loan Comparison: 3.94% vs 6.5%
1665 Boxtree, Colorado Springs, CO 80906 · 3bd/3ba · $465,000
List Price
$465,000
Assumable Rate
3.94%
Remaining Balance
$179,712
Equity Gap
$285,287
Loan Type
VAAdjust Your Scenario
$23,250
$23,250$285,287
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.94% (VA)
Blended Rate: 6.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 3.94% + gap loan
$2,867/moAssumed loan: $852/mo
Gap financing: $2,015/mo
Your Savings on This Property
1665 Boxtree, Colorado Springs · 3.94% 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 ($285,287) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,250, 5% of purchase price) and a second mortgage for the rest ($262,037 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 1665 Boxtree.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.