Loan Comparison: 5.52% vs 6.5%
3141 Wild Peregrine, Colorado Springs, CO 80916 · 3bd/3ba · $359,900
List Price
$359,900
Assumable Rate
5.52%
Remaining Balance
$338,296
Equity Gap
$21,603
Loan Type
VAAdjust Your Scenario
$17,995
$17,995$21,603
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 5.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,161/moAssumable @ 5.52% + gap loan
$1,953/moAssumed loan: $1,925/mo
Gap financing: $28/mo
$208less per month with the assumable
Your Savings on This Property
3141 Wild Peregrine, Colorado Springs · 5.52% VA vs 6.5% conventional
$208
per month
$2,499
per year
$74,979
over 30 years
$74,978
interest saved
How gap financing works: The equity gap ($21,603) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,995, 5% of purchase price) and a second mortgage for the rest ($3,608 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 3141 Wild Peregrine.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.