Loan Comparison: 3.89% vs 6.5%
6665 Stonehedge, Colorado Springs, CO 80918 · 5bd/4ba · $479,000
List Price
$479,000
Assumable Rate
3.89%
Remaining Balance
$280,914
Equity Gap
$298,086
Loan Type
VAAdjust Your Scenario
$23,950
$23,950$298,086
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.89% (VA)
Blended Rate: 6.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,876/moAssumable @ 3.89% + gap loan
$3,431/moAssumed loan: $1,323/mo
Gap financing: $2,108/mo
Your Savings on This Property
6665 Stonehedge, Colorado Springs · 3.89% 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 ($298,086) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,950, 5% of purchase price) and a second mortgage for the rest ($274,136 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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