Loan Comparison: 2.31% vs 6.5%
4233 Moonbeam, Colorado Springs, CO 80916 · 4bd/2ba · $387,000
List Price
$387,000
Assumable Rate
2.31%
Remaining Balance
$159,845
Equity Gap
$227,154
Loan Type
VAAdjust Your Scenario
$19,350
$19,350$227,154
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.31% (VA)
Blended Rate: 5.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,324/moAssumable @ 2.31% + gap loan
$2,214/moAssumed loan: $616/mo
Gap financing: $1,598/mo
$110less per month with the assumable
Your Savings on This Property
4233 Moonbeam, Colorado Springs · 2.31% VA vs 6.5% conventional
$110
per month
$1,321
per year
$39,622
over 30 years
$39,621
interest saved
How gap financing works: The equity gap ($227,154) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,350, 5% of purchase price) and a second mortgage for the rest ($207,804 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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