Loan Comparison: 2.84% vs 6.5%
1142 Dancing Horse, Colorado Springs, CO 80919 · 3bd/3ba · $574,500
List Price
$574,500
Assumable Rate
2.84%
Remaining Balance
$335,700
Equity Gap
$237,244
Loan Type
VAAdjust Your Scenario
$28,725
$28,725$237,244
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 5.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,450/moAssumable @ 2.84% + gap loan
$2,990/moAssumed loan: $1,387/mo
Gap financing: $1,603/mo
$460less per month with the assumable
Your Savings on This Property
1142 Dancing Horse, Colorado Springs · 2.84% VA vs 6.5% conventional
$460
per month
$5,518
per year
$165,534
over 30 years
$163,978
interest saved
How gap financing works: The equity gap ($237,244) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,725, 5% of purchase price) and a second mortgage for the rest ($208,519 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 1142 Dancing Horse.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.