Loan Comparison: 2.84% vs 6.5%
1142 Dancing Horse, Colorado Springs, CO 80919 · 3bd/3ba · $548,000
List Price
$548,000
Assumable Rate
2.84%
Remaining Balance
$334,920
Equity Gap
$210,744
Loan Type
VAAdjust Your Scenario
$27,400
$27,400$210,744
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 4.84%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,291/moAssumable @ 2.84% + gap loan
$2,793/moAssumed loan: $1,383/mo
Gap financing: $1,410/mo
$497less per month with the assumable
Your Savings on This Property
1142 Dancing Horse, Colorado Springs · 2.84% VA vs 6.5% conventional
$497
per month
$5,970
per year
$179,096
over 30 years
$176,760
interest saved
How gap financing works: The equity gap ($210,744) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,400, 5% of purchase price) and a second mortgage for the rest ($183,344 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.