Loan Comparison: 2.31% vs 6.5%
4233 Moonbeam, Colorado Springs, CO 80916 · 4bd/2ba · $375,000
List Price
$375,000
Assumable Rate
2.31%
Remaining Balance
$157,450
Equity Gap
$217,550
Loan Type
VAAdjust Your Scenario
$18,750
$18,750$217,550
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.31% (VA)
Blended Rate: 5.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,252/moAssumable @ 2.31% + gap loan
$2,135/moAssumed loan: $607/mo
Gap financing: $1,529/mo
$116less per month with the assumable
Your Savings on This Property
4233 Moonbeam, Colorado Springs · 2.31% VA vs 6.5% conventional
$116
per month
$1,398
per year
$41,928
over 30 years
$41,928
interest saved
How gap financing works: The equity gap ($217,550) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,750, 5% of purchase price) and a second mortgage for the rest ($198,800 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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