Loan Comparison: 4.08% vs 6.5%
17766 SAWMILL, Colorado Springs, CO 80908 · 5bd/4ba · $1,050,000
List Price
$1,050,000
Assumable Rate
4.08%
Remaining Balance
$484,743
Equity Gap
$565,257
Loan Type
VAAdjust Your Scenario
$52,500
$52,500$565,257
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.08% (VA)
Blended Rate: 6.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,305/moAssumable @ 4.08% + gap loan
$6,279/moAssumed loan: $2,337/mo
Gap financing: $3,943/mo
$26less per month with the assumable
Your Savings on This Property
17766 SAWMILL, Colorado Springs · 4.08% VA vs 6.5% conventional
$26
per month
$307
per year
$9,206
over 30 years
$9,206
interest saved
How gap financing works: The equity gap ($565,257) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($52,500, 5% of purchase price) and a second mortgage for the rest ($512,757 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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