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
$674,248
Equity Gap
$100,751
Loan Type
VAAdjust Your Scenario
$38,750
$38,750$100,751
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.21% (VA)
Blended Rate: 3.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 3.21% + gap loan
$3,396/moAssumed loan: $2,920/mo
Gap financing: $477/mo
$1,257less per month with the assumable
Your Savings on This Property
5768 Adkisson, Colorado Springs · 3.21% VA vs 6.5% conventional
$1,257
per month
$15,087
per year
$452,620
over 30 years
$452,619
interest saved
How gap financing works: The equity gap ($100,751) 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 ($62,001 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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