Loan Comparison: 5.52% vs 6.5%
7761 Tabernash, Colorado Springs, CO 80923 · 3bd/3ba · $420,000
List Price
$420,000
Assumable Rate
5.52%
Remaining Balance
$170,691
Equity Gap
$78,142
Loan Type
VAAdjust Your Scenario
$21,000
$21,000$78,142
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 6.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,522/moAssumable @ 5.52% + gap loan
$1,411/moAssumed loan: $971/mo
Gap financing: $439/mo
$1,111less per month with the assumable
Your Savings on This Property
7761 Tabernash, Colorado Springs · 5.52% VA vs 6.5% conventional
$1,111
per month
$13,335
per year
$400,058
over 30 years
$228,891
interest saved
How gap financing works: The equity gap ($78,142) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,000, 5% of purchase price) and a second mortgage for the rest ($57,142 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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