Loan Comparison: 3.69% vs 6.5%
2355 Heathercrest, Colorado Springs, CO 80915 · 3bd/2ba · $350,000
List Price
$350,000
Assumable Rate
3.69%
Remaining Balance
$262,715
Equity Gap
$87,284
Loan Type
VAAdjust Your Scenario
$17,500
$17,500$87,284
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 4.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,102/moAssumable @ 3.69% + gap loan
$1,744/moAssumed loan: $1,208/mo
Gap financing: $537/mo
$357less per month with the assumable
Your Savings on This Property
2355 Heathercrest, Colorado Springs · 3.69% VA vs 6.5% conventional
$357
per month
$4,288
per year
$128,628
over 30 years
$128,627
interest saved
How gap financing works: The equity gap ($87,284) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,500, 5% of purchase price) and a second mortgage for the rest ($69,784 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 2355 Heathercrest.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.