Loan Comparison: 4.33% vs 6.5%
8372 Wilmington, Colorado Springs, CO 80920 · 3bd/3ba · $455,000
List Price
$455,000
Assumable Rate
4.33%
Remaining Balance
$237,776
Equity Gap
$217,223
Loan Type
VAAdjust Your Scenario
$22,750
$22,750$217,223
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.33% (VA)
Blended Rate: 6.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,732/moAssumable @ 4.33% + gap loan
$2,676/moAssumed loan: $1,181/mo
Gap financing: $1,495/mo
$56less per month with the assumable
Your Savings on This Property
8372 Wilmington, Colorado Springs · 4.33% VA vs 6.5% conventional
$56
per month
$671
per year
$20,127
over 30 years
$20,126
interest saved
How gap financing works: The equity gap ($217,223) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,750, 5% of purchase price) and a second mortgage for the rest ($194,473 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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