Loan Comparison: 5.23% vs 6.5%
4750 Wilde, Colorado Springs, CO 80916 · 4bd/2ba · $385,000
List Price
$385,000
Assumable Rate
5.23%
Remaining Balance
$359,883
Equity Gap
$25,116
Loan Type
VAAdjust Your Scenario
$19,250
$19,250$25,116
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.23% (VA)
Blended Rate: 5.28%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,312/moAssumable @ 5.23% + gap loan
$2,028/moAssumed loan: $1,983/mo
Gap financing: $45/mo
$284less per month with the assumable
Your Savings on This Property
4750 Wilde, Colorado Springs · 5.23% VA vs 6.5% conventional
$284
per month
$3,406
per year
$102,187
over 30 years
$102,186
interest saved
How gap financing works: The equity gap ($25,116) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,250, 5% of purchase price) and a second mortgage for the rest ($5,866 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 4750 Wilde.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.