Loan Comparison: 4.17% vs 6.5%
6375 Pushmataha, Colorado Springs, CO 80915 · 5bd/3ba · $449,900
List Price
$449,900
Assumable Rate
4.17%
Remaining Balance
$400,463
Equity Gap
$49,436
Loan Type
VAAdjust Your Scenario
$22,495
$22,495$49,436
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.44%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,701/moAssumable @ 4.17% + gap loan
$2,158/moAssumed loan: $1,951/mo
Gap financing: $207/mo
$543less per month with the assumable
Your Savings on This Property
6375 Pushmataha, Colorado Springs · 4.17% VA vs 6.5% conventional
$543
per month
$6,516
per year
$195,484
over 30 years
$195,483
interest saved
How gap financing works: The equity gap ($49,436) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,495, 5% of purchase price) and a second mortgage for the rest ($26,941 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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