Loan Comparison: 2.94% vs 6.5%
2030 Gaffer, Colorado Springs, CO 80910 · 3bd/2ba · $375,000
List Price
$375,000
Assumable Rate
2.94%
Remaining Balance
$260,060
Equity Gap
$114,940
Loan Type
VAAdjust Your Scenario
$18,750
$18,750$114,940
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (VA)
Blended Rate: 4.44%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,252/moAssumable @ 2.94% + gap loan
$1,828/moAssumed loan: $1,088/mo
Gap financing: $740/mo
$424less per month with the assumable
Your Savings on This Property
2030 Gaffer, Colorado Springs · 2.94% VA vs 6.5% conventional
$424
per month
$5,089
per year
$152,675
over 30 years
$152,675
interest saved
How gap financing works: The equity gap ($114,940) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,750, 5% of purchase price) and a second mortgage for the rest ($96,190 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 2030 Gaffer.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.