Loan Comparison: 3.62% vs 6.5%
11165 Pine Meadows, Colorado Springs, CO 80908 · 4bd/2ba · $725,000
List Price
$725,000
Assumable Rate
3.62%
Remaining Balance
$401,816
Equity Gap
$319,549
Loan Type
VAAdjust Your Scenario
$36,250
$36,250$319,549
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (VA)
Blended Rate: 5.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,353/moAssumable @ 3.62% + gap loan
$4,010/moAssumed loan: $1,831/mo
Gap financing: $2,178/mo
$344less per month with the assumable
Your Savings on This Property
11165 Pine Meadows, Colorado Springs · 3.62% VA vs 6.5% conventional
$344
per month
$4,124
per year
$123,728
over 30 years
$120,093
interest saved
How gap financing works: The equity gap ($319,549) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,250, 5% of purchase price) and a second mortgage for the rest ($283,299 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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