Loan Comparison: 4.49% vs 6.5%
9403 Summer Meadows, Colorado Springs, CO 80925 · 3bd/3ba · $410,000
List Price
$410,000
Assumable Rate
4.49%
Remaining Balance
$126,154
Equity Gap
$283,846
Loan Type
VAAdjust Your Scenario
$20,500
$20,500$283,846
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.49% (VA)
Blended Rate: 7.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,462/moAssumable @ 4.49% + gap loan
$2,663/moAssumed loan: $638/mo
Gap financing: $2,025/mo
Your Savings on This Property
9403 Summer Meadows, Colorado Springs · 4.49% 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 ($283,846) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,500, 5% of purchase price) and a second mortgage for the rest ($263,346 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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