Loan Comparison: 2.72% vs 6.5%
8265 Tannenbaum, Colorado Springs, CO 80908 · 3bd/4ba · $825,000
List Price
$825,000
Assumable Rate
2.72%
Remaining Balance
$319,644
Equity Gap
$502,322
Loan Type
VAAdjust Your Scenario
$41,250
$41,250$502,322
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.72% (VA)
Blended Rate: 6.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,954/moAssumable @ 2.72% + gap loan
$4,845/moAssumed loan: $1,300/mo
Gap financing: $3,545/mo
$109less per month with the assumable
Your Savings on This Property
8265 Tannenbaum, Colorado Springs · 2.72% VA vs 6.5% conventional
$109
per month
$1,305
per year
$39,148
over 30 years
$36,114
interest saved
How gap financing works: The equity gap ($502,322) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($41,250, 5% of purchase price) and a second mortgage for the rest ($461,072 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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