Loan Comparison: 3.45% vs 6.5%
6950 Shunka, Colorado Springs, CO 80925 · 4bd/3ba · $449,900
List Price
$449,900
Assumable Rate
3.45%
Remaining Balance
$412,227
Equity Gap
$37,673
Loan Type
VAAdjust Your Scenario
$22,495
$22,495$37,673
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 3.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,701/moAssumable @ 3.45% + gap loan
$1,956/moAssumed loan: $1,840/mo
Gap financing: $117/mo
$745less per month with the assumable
Your Savings on This Property
6950 Shunka, Colorado Springs · 3.45% VA vs 6.5% conventional
$745
per month
$8,942
per year
$268,267
over 30 years
$268,267
interest saved
How gap financing works: The equity gap ($37,673) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,495, 5% of purchase price) and a second mortgage for the rest ($15,178 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.
🏠
Back to This Listing
View photos, details, and request a showing for 6950 Shunka.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.