Loan Comparison: 3.62% vs 6.5%
11165 Pine Meadows, Colorado Springs, CO 80908 · 4bd/2ba · $749,900
List Price
$749,900
Assumable Rate
3.62%
Remaining Balance
$404,546
Equity Gap
$344,449
Loan Type
VAAdjust Your Scenario
$37,495
$37,495$344,449
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (VA)
Blended Rate: 5.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 3.62% + gap loan
$4,204/moAssumed loan: $1,844/mo
Gap financing: $2,360/mo
$299less per month with the assumable
Your Savings on This Property
11165 Pine Meadows, Colorado Springs · 3.62% VA vs 6.5% conventional
$299
per month
$3,586
per year
$107,595
over 30 years
$106,690
interest saved
How gap financing works: The equity gap ($344,449) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,495, 5% of purchase price) and a second mortgage for the rest ($306,954 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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