Loan Comparison: 3.27% vs 6.5%
970 Genesis, Colorado Springs, CO 80906 · 5bd/6ba · $1,725,000
List Price
$1,725,000
Assumable Rate
3.27%
Remaining Balance
$523,117
Equity Gap
$1,201,883
Loan Type
VAAdjust Your Scenario
$86,250
$86,250$1,201,883
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.27% (VA)
Blended Rate: 6.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$10,358/moAssumable @ 3.27% + gap loan
$10,861/moAssumed loan: $2,282/mo
Gap financing: $8,578/mo
Your Savings on This Property
970 Genesis, Colorado Springs · 3.27% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($1,201,883) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($86,250, 5% of purchase price) and a second mortgage for the rest ($1,115,633 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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