Loan Comparison: 2.69% vs 6.5%
529 Bear Paw, Colorado Springs, CO 80906 · 4bd/4ba · $1,250,000
List Price
$1,250,000
Assumable Rate
2.69%
Remaining Balance
$535,126
Equity Gap
$716,150
Loan Type
VAAdjust Your Scenario
$62,500
$62,500$716,150
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.69% (VA)
Blended Rate: 5.88%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,506/moAssumable @ 2.69% + gap loan
$7,194/moAssumed loan: $2,168/mo
Gap financing: $5,026/mo
$312less per month with the assumable
Your Savings on This Property
529 Bear Paw, Colorado Springs · 2.69% VA vs 6.5% conventional
$312
per month
$3,746
per year
$112,381
over 30 years
$113,657
interest saved
How gap financing works: The equity gap ($716,150) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($62,500, 5% of purchase price) and a second mortgage for the rest ($653,650 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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