Loan Comparison: 2.81% vs 6.5%
6686 Lange, Colorado Springs, CO 80918 · 4bd/3ba · $430,000
List Price
$430,000
Assumable Rate
2.81%
Remaining Balance
$354,529
Equity Gap
$75,470
Loan Type
VAAdjust Your Scenario
$21,500
$21,500$75,470
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 3.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 2.81% + gap loan
$1,874/moAssumed loan: $1,459/mo
Gap financing: $415/mo
$708less per month with the assumable
Your Savings on This Property
6686 Lange, Colorado Springs · 2.81% VA vs 6.5% conventional
$708
per month
$8,501
per year
$255,020
over 30 years
$255,019
interest saved
How gap financing works: The equity gap ($75,470) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,500, 5% of purchase price) and a second mortgage for the rest ($53,970 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 6686 Lange.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.