Loan Comparison: 5.52% vs 6.5%
5045 Wezel, Colorado Springs, CO 80916 · 3bd/3ba · $379,900
List Price
$379,900
Assumable Rate
5.52%
Remaining Balance
$359,435
Equity Gap
$20,465
Loan Type
VAAdjust Your Scenario
$18,995
$18,995$20,465
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 5.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,281/moAssumable @ 5.52% + gap loan
$2,057/moAssumed loan: $2,045/mo
Gap financing: $11/mo
$225less per month with the assumable
Your Savings on This Property
5045 Wezel, Colorado Springs · 5.52% VA vs 6.5% conventional
$225
per month
$2,694
per year
$80,826
over 30 years
$80,826
interest saved
How gap financing works: The equity gap ($20,465) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,995, 5% of purchase price) and a second mortgage for the rest ($1,470 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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