Loan Comparison: 3.07% vs 6.5%
6485 Lazy Stream, Colorado Springs, CO 80923 · 3bd/3ba · $409,900
List Price
$409,900
Assumable Rate
3.07%
Remaining Balance
$384,992
Equity Gap
$24,908
Loan Type
VAAdjust Your Scenario
$20,495
$20,495$24,908
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,461/moAssumable @ 3.07% + gap loan
$1,672/moAssumed loan: $1,638/mo
Gap financing: $34/mo
$790less per month with the assumable
Your Savings on This Property
6485 Lazy Stream, Colorado Springs · 3.07% VA vs 6.5% conventional
$790
per month
$9,476
per year
$284,278
over 30 years
$284,278
interest saved
How gap financing works: The equity gap ($24,908) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,495, 5% of purchase price) and a second mortgage for the rest ($4,413 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 6485 Lazy Stream.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.