Loan Comparison: 2.68% vs 6.5%
4963 Ridenour, Colorado Springs, CO 80916 · 3bd/2ba · $355,000
List Price
$355,000
Assumable Rate
2.68%
Remaining Balance
$132,254
Equity Gap
$222,746
Loan Type
VAAdjust Your Scenario
$17,750
$17,750$222,746
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 6.22%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,132/moAssumable @ 2.68% + gap loan
$2,111/moAssumed loan: $535/mo
Gap financing: $1,576/mo
$20less per month with the assumable
Your Savings on This Property
4963 Ridenour, Colorado Springs · 2.68% VA vs 6.5% conventional
$20
per month
$245
per year
$7,338
over 30 years
$7,338
interest saved
How gap financing works: The equity gap ($222,746) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,750, 5% of purchase price) and a second mortgage for the rest ($204,996 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 4963 Ridenour.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.