Loan Comparison: 4% vs 6.5%
6407 Alibi, Colorado Springs, CO 80923 · 5bd/4ba · $450,000
List Price
$450,000
Assumable Rate
4%
Remaining Balance
$187,488
Equity Gap
$263,062
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$263,062
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4% (VA)
Blended Rate: 6.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 4% + gap loan
$2,745/moAssumed loan: $895/mo
Gap financing: $1,850/mo
Your Savings on This Property
6407 Alibi, Colorado Springs · 4% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($263,062) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($240,562 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.
🏠
Back to This Listing
View photos, details, and request a showing for 6407 Alibi.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.