Loan Comparison: 4.37% vs 6.5%
2845 Halleys, Colorado Springs, CO 80906 · 4bd/4ba · $880,000
List Price
$880,000
Assumable Rate
4.37%
Remaining Balance
$284,590
Equity Gap
$595,409
Loan Type
VAAdjust Your Scenario
$44,000
$44,000$595,409
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.37% (VA)
Blended Rate: 7.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,284/moAssumable @ 4.37% + gap loan
$5,660/moAssumed loan: $1,420/mo
Gap financing: $4,240/mo
Your Savings on This Property
2845 Halleys, Colorado Springs · 4.37% 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 ($595,409) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($44,000, 5% of purchase price) and a second mortgage for the rest ($551,409 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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