Loan Comparison: 2.94% vs 6.5%
2832 Country Club, Colorado Springs, CO 80909 · 4bd/3ba · $689,000
List Price
$689,000
Assumable Rate
2.94%
Remaining Balance
$405,324
Equity Gap
$283,675
Loan Type
VAAdjust Your Scenario
$34,450
$34,450$283,675
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (VA)
Blended Rate: 5.06%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,137/moAssumable @ 2.94% + gap loan
$3,612/moAssumed loan: $1,696/mo
Gap financing: $1,916/mo
$525less per month with the assumable
Your Savings on This Property
2832 Country Club, Colorado Springs · 2.94% VA vs 6.5% conventional
$525
per month
$6,301
per year
$189,037
over 30 years
$189,036
interest saved
How gap financing works: The equity gap ($283,675) 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 ($249,225 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 2832 Country Club.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.