Loan Comparison: 3.07% vs 6.5%
7343 Rosa Belle, Colorado Springs, CO 80922 · 3bd/4ba · $489,000
List Price
$489,000
Assumable Rate
3.07%
Remaining Balance
$412,106
Equity Gap
$76,894
Loan Type
VAAdjust Your Scenario
$24,450
$24,450$76,894
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,936/moAssumable @ 3.07% + gap loan
$2,156/moAssumed loan: $1,753/mo
Gap financing: $403/mo
$780less per month with the assumable
Your Savings on This Property
7343 Rosa Belle, Colorado Springs · 3.07% VA vs 6.5% conventional
$780
per month
$9,360
per year
$280,789
over 30 years
$280,789
interest saved
How gap financing works: The equity gap ($76,894) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,450, 5% of purchase price) and a second mortgage for the rest ($52,444 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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