Loan Comparison: 4.47% vs 6.5%
336 Robbins Mill, Colorado Springs, CO 80910 · 2bd/2ba · $235,000
List Price
$235,000
Assumable Rate
4.47%
Remaining Balance
$115,429
Equity Gap
$119,571
Loan Type
VAAdjust Your Scenario
$11,750
$11,750$119,571
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.47% (VA)
Blended Rate: 6.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,411/moAssumable @ 4.47% + gap loan
$1,412/moAssumed loan: $583/mo
Gap financing: $829/mo
Your Savings on This Property
336 Robbins Mill, Colorado Springs · 4.47% 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 ($119,571) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,750, 5% of purchase price) and a second mortgage for the rest ($107,821 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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