Loan Comparison: 4.17% vs 6.5%
1917 Cache La Poudre, Colorado Springs, CO 80909 · 3bd/2ba · $365,000
List Price
$365,000
Assumable Rate
4.17%
Remaining Balance
$345,568
Equity Gap
$19,431
Loan Type
VAAdjust Your Scenario
$18,250
$18,250$19,431
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 4.17% + gap loan
$1,693/moAssumed loan: $1,684/mo
Gap financing: $9/mo
$499less per month with the assumable
Your Savings on This Property
1917 Cache La Poudre, Colorado Springs · 4.17% VA vs 6.5% conventional
$499
per month
$5,985
per year
$179,558
over 30 years
$179,557
interest saved
How gap financing works: The equity gap ($19,431) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($1,181 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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