Loan Comparison: 3.47% vs 6.5%
5578 Stetson Hills, Colorado Springs, CO 80917 · 2bd/3ba · $329,900
List Price
$329,900
Assumable Rate
3.47%
Remaining Balance
$244,136
Equity Gap
$84,148
Loan Type
VAAdjust Your Scenario
$16,495
$16,495$84,148
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (VA)
Blended Rate: 4.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,981/moAssumable @ 3.47% + gap loan
$1,612/moAssumed loan: $1,092/mo
Gap financing: $520/mo
$369less per month with the assumable
Your Savings on This Property
5578 Stetson Hills, Colorado Springs · 3.47% VA vs 6.5% conventional
$369
per month
$4,423
per year
$132,676
over 30 years
$131,060
interest saved
How gap financing works: The equity gap ($84,148) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,495, 5% of purchase price) and a second mortgage for the rest ($67,653 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 5578 Stetson Hills.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.