Loan Comparison: 3.06% vs 6.5%
13388 Positano, Colorado Springs, CO 80921 · 3bd/3ba · $459,900
List Price
$459,900
Assumable Rate
3.06%
Remaining Balance
$382,502
Equity Gap
$77,397
Loan Type
VAAdjust Your Scenario
$22,995
$22,995$77,397
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 3.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,762/moAssumable @ 3.06% + gap loan
$2,043/moAssumed loan: $1,625/mo
Gap financing: $418/mo
$718less per month with the assumable
Your Savings on This Property
13388 Positano, Colorado Springs · 3.06% VA vs 6.5% conventional
$718
per month
$8,618
per year
$258,546
over 30 years
$258,545
interest saved
How gap financing works: The equity gap ($77,397) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,995, 5% of purchase price) and a second mortgage for the rest ($54,402 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 13388 Positano.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.