Loan Comparison: 4.17% vs 6.5%
6229 Bodacious, Colorado Springs, CO 80923 · 3bd/3ba · $500,000
List Price
$500,000
Assumable Rate
4.17%
Remaining Balance
$471,171
Equity Gap
$28,828
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$28,828
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 4.17% + gap loan
$2,325/moAssumed loan: $2,296/mo
Gap financing: $29/mo
$677less per month with the assumable
Your Savings on This Property
6229 Bodacious, Colorado Springs · 4.17% VA vs 6.5% conventional
$677
per month
$8,124
per year
$243,729
over 30 years
$243,728
interest saved
How gap financing works: The equity gap ($28,828) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($3,828 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 6229 Bodacious.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.