Loan Comparison: 5.23% vs 6.5%
9666 Lone Oak, Colorado Springs, CO 80927 · 4bd/4ba · $515,000
List Price
$515,000
Assumable Rate
5.23%
Remaining Balance
$462,959
Equity Gap
$52,040
Loan Type
VAAdjust Your Scenario
$25,750
$25,750$52,040
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.23% (VA)
Blended Rate: 5.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 5.23% + gap loan
$2,753/moAssumed loan: $2,551/mo
Gap financing: $202/mo
$340less per month with the assumable
Your Savings on This Property
9666 Lone Oak, Colorado Springs · 5.23% VA vs 6.5% conventional
$340
per month
$4,074
per year
$122,220
over 30 years
$122,219
interest saved
How gap financing works: The equity gap ($52,040) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($26,290 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 9666 Lone Oak.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.