Loan Comparison: 2.74% vs 6.5%
9074 Vanderwood, Colorado Springs, CO 80908 · 3bd/3ba · $499,800
List Price
$499,800
Assumable Rate
2.74%
Remaining Balance
$380,251
Equity Gap
$195,254
Loan Type
VAAdjust Your Scenario
$24,990
$24,990$195,254
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 4.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,001/moAssumable @ 2.74% + gap loan
$2,860/moAssumed loan: $1,550/mo
Gap financing: $1,309/mo
$142less per month with the assumable
Your Savings on This Property
9074 Vanderwood, Colorado Springs · 2.74% VA vs 6.5% conventional
$142
per month
$1,699
per year
$50,980
over 30 years
$126,685
interest saved
How gap financing works: The equity gap ($195,254) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,990, 5% of purchase price) and a second mortgage for the rest ($170,264 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 9074 Vanderwood.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.