Loan Comparison: 2.94% vs 6.5%
305 Hidden Creek, Colorado Springs, CO 80906 · 5bd/5ba · $1,185,000
List Price
$1,185,000
Assumable Rate
2.94%
Remaining Balance
$415,680
Equity Gap
$769,320
Loan Type
VAAdjust Your Scenario
$59,250
$59,250$769,320
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (VA)
Blended Rate: 6.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,116/moAssumable @ 2.94% + gap loan
$7,199/moAssumed loan: $1,739/mo
Gap financing: $5,460/mo
Your Savings on This Property
305 Hidden Creek, Colorado Springs · 2.94% 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 ($769,320) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($59,250, 5% of purchase price) and a second mortgage for the rest ($710,070 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 305 Hidden Creek.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.