Loan Comparison: 3.21% vs 6.5%
5768 Adkisson, Colorado Springs, CO 80924 · 5bd/4ba · $775,000
List Price
$775,000
Assumable Rate
3.21%
Remaining Balance
$672,869
Equity Gap
$98,003
Loan Type
VAAdjust Your Scenario
$38,750
$38,750$98,003
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.21% (VA)
Blended Rate: 3.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 3.21% + gap loan
$3,369/moAssumed loan: $2,914/mo
Gap financing: $456/mo
$1,284less per month with the assumable
Your Savings on This Property
5768 Adkisson, Colorado Springs · 3.21% VA vs 6.5% conventional
$1,284
per month
$15,413
per year
$462,377
over 30 years
$458,249
interest saved
How gap financing works: The equity gap ($98,003) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,750, 5% of purchase price) and a second mortgage for the rest ($59,253 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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