Loan Comparison: 2.52% vs 6.5%
5390 Goodview, Colorado Springs, CO 80911 · 5bd/4ba · $519,900
List Price
$519,900
Assumable Rate
2.52%
Remaining Balance
$172,946
Equity Gap
$346,953
Loan Type
VAAdjust Your Scenario
$25,995
$25,995$346,953
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.52% (VA)
Blended Rate: 6.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 2.52% + gap loan
$3,153/moAssumed loan: $685/mo
Gap financing: $2,468/mo
Your Savings on This Property
5390 Goodview, Colorado Springs · 2.52% 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 ($346,953) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,995, 5% of purchase price) and a second mortgage for the rest ($320,958 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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