Loan Comparison: 3.76% vs 6.5%
6882 Alsea, Colorado Springs, CO 80925 · 4bd/4ba · $445,000
List Price
$445,000
Assumable Rate
3.76%
Remaining Balance
$399,624
Equity Gap
$45,376
Loan Type
VAAdjust Your Scenario
$22,250
$22,250$45,376
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 4.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,672/moAssumable @ 3.76% + gap loan
$2,031/moAssumed loan: $1,853/mo
Gap financing: $178/mo
$641less per month with the assumable
Your Savings on This Property
6882 Alsea, Colorado Springs · 3.76% VA vs 6.5% conventional
$641
per month
$7,695
per year
$230,853
over 30 years
$230,853
interest saved
How gap financing works: The equity gap ($45,376) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,250, 5% of purchase price) and a second mortgage for the rest ($23,126 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 6882 Alsea.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.