Loan Comparison: 3.8% vs 6.5%
320 Hidden Creek, Colorado Springs, CO 80906 · 4bd/3ba · $975,000
List Price
$975,000
Assumable Rate
3.8%
Remaining Balance
$368,096
Equity Gap
$606,903
Loan Type
VAAdjust Your Scenario
$48,750
$48,750$606,903
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.8% (VA)
Blended Rate: 6.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,855/moAssumable @ 3.8% + gap loan
$6,007/moAssumed loan: $1,715/mo
Gap financing: $4,292/mo
Your Savings on This Property
320 Hidden Creek, Colorado Springs · 3.8% 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 ($606,903) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($48,750, 5% of purchase price) and a second mortgage for the rest ($558,153 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 320 Hidden Creek.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.