Loan Comparison: 2.68% vs 6.5%
10447 Kalama, Colorado Springs, CO 80925 · 3bd/3ba · $375,000
List Price
$375,000
Assumable Rate
2.68%
Remaining Balance
$289,913
Equity Gap
$83,029
Loan Type
VAAdjust Your Scenario
$18,750
$18,750$83,029
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 3.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,252/moAssumable @ 2.68% + gap loan
$1,667/moAssumed loan: $1,173/mo
Gap financing: $494/mo
$585less per month with the assumable
Your Savings on This Property
10447 Kalama, Colorado Springs · 2.68% VA vs 6.5% conventional
$585
per month
$7,016
per year
$210,481
over 30 years
$208,423
interest saved
How gap financing works: The equity gap ($83,029) 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 ($64,279 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 10447 Kalama.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.