Loan Comparison: 4.75% vs 6.5%
9776 Antelope Ravine, Colorado Springs, CO 80908 · 6bd/5ba · $989,900
List Price
$989,900
Assumable Rate
4.75%
Remaining Balance
$853,353
Equity Gap
$136,546
Loan Type
VAAdjust Your Scenario
$49,495
$49,495$136,546
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.75% (VA)
Blended Rate: 5.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,944/moAssumable @ 4.75% + gap loan
$5,121/moAssumed loan: $4,451/mo
Gap financing: $669/mo
$823less per month with the assumable
Your Savings on This Property
9776 Antelope Ravine, Colorado Springs · 4.75% VA vs 6.5% conventional
$823
per month
$9,878
per year
$296,337
over 30 years
$296,336
interest saved
How gap financing works: The equity gap ($136,546) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($49,495, 5% of purchase price) and a second mortgage for the rest ($87,051 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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