Loan Comparison: 4.75% vs 6.5%
9776 Antelope Ravine, Colorado Springs, CO 80908 · 6bd/5ba · $999,999
List Price
$999,999
Assumable Rate
4.75%
Remaining Balance
$856,071
Equity Gap
$143,927
Loan Type
VAAdjust Your Scenario
$50,000
$50,000$143,927
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.75% (VA)
Blended Rate: 5.12%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,005/moAssumable @ 4.75% + gap loan
$5,188/moAssumed loan: $4,466/mo
Gap financing: $722/mo
$817less per month with the assumable
Your Savings on This Property
9776 Antelope Ravine, Colorado Springs · 4.75% VA vs 6.5% conventional
$817
per month
$9,801
per year
$294,030
over 30 years
$294,029
interest saved
How gap financing works: The equity gap ($143,927) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($50,000, 5% of purchase price) and a second mortgage for the rest ($93,927 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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