Loan Comparison: 2.36% vs 6.5%
4150 Peach, Colorado Springs, CO 80918 · 4bd/4ba · $595,000
List Price
$595,000
Assumable Rate
2.36%
Remaining Balance
$164,428
Equity Gap
$430,571
Loan Type
VAAdjust Your Scenario
$29,750
$29,750$430,571
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.36% (VA)
Blended Rate: 6.71%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,573/moAssumable @ 2.36% + gap loan
$3,720/moAssumed loan: $638/mo
Gap financing: $3,082/mo
Your Savings on This Property
4150 Peach, Colorado Springs · 2.36% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($430,571) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,750, 5% of purchase price) and a second mortgage for the rest ($400,821 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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