Loan Comparison: 3.35% vs 6.5%
19679 Glen Shadows, Colorado Springs, CO 80908 · 5bd/5ba · $1,350,000
List Price
$1,350,000
Assumable Rate
3.35%
Remaining Balance
$819,746
Equity Gap
$532,057
Loan Type
VAAdjust Your Scenario
$67,500
$67,500$532,057
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.35% (VA)
Blended Rate: 5.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,106/moAssumable @ 3.35% + gap loan
$7,185/moAssumed loan: $3,613/mo
Gap financing: $3,572/mo
$921less per month with the assumable
Your Savings on This Property
19679 Glen Shadows, Colorado Springs · 3.35% VA vs 6.5% conventional
$921
per month
$11,058
per year
$331,740
over 30 years
$333,543
interest saved
How gap financing works: The equity gap ($532,057) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($67,500, 5% of purchase price) and a second mortgage for the rest ($464,557 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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