Loan Comparison: 3.07% vs 6.5%
5210 Twinkle, Colorado Springs, CO 80917 · 3bd/3ba · $475,000
List Price
$475,000
Assumable Rate
3.07%
Remaining Balance
$403,097
Equity Gap
$71,903
Loan Type
VAAdjust Your Scenario
$23,750
$23,750$71,903
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 3.07% + gap loan
$2,085/moAssumed loan: $1,715/mo
Gap financing: $370/mo
$767less per month with the assumable
Your Savings on This Property
5210 Twinkle, Colorado Springs · 3.07% VA vs 6.5% conventional
$767
per month
$9,207
per year
$276,200
over 30 years
$276,200
interest saved
How gap financing works: The equity gap ($71,903) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($48,153 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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