Loan Comparison: 3.48% vs 6.5%
7215 Rim Bluff, Colorado Springs, CO 80927 · 4bd/4ba · $689,000
List Price
$689,000
Assumable Rate
3.48%
Remaining Balance
$456,524
Equity Gap
$232,475
Loan Type
VAAdjust Your Scenario
$34,450
$34,450$232,475
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.48% (VA)
Blended Rate: 5.00%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,137/moAssumable @ 3.48% + gap loan
$3,568/moAssumed loan: $2,045/mo
Gap financing: $1,523/mo
$570less per month with the assumable
Your Savings on This Property
7215 Rim Bluff, Colorado Springs · 3.48% VA vs 6.5% conventional
$570
per month
$6,836
per year
$205,076
over 30 years
$205,075
interest saved
How gap financing works: The equity gap ($232,475) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,450, 5% of purchase price) and a second mortgage for the rest ($198,025 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 7215 Rim Bluff.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.