Loan Comparison: 3.02% vs 6.5%
7443 Allens Park, Colorado Springs, CO 80922 · 4bd/3ba · $515,000
List Price
$515,000
Assumable Rate
3.02%
Remaining Balance
$346,643
Equity Gap
$168,357
Loan Type
VAAdjust Your Scenario
$25,750
$25,750$168,357
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 4.62%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 3.02% + gap loan
$2,562/moAssumed loan: $1,465/mo
Gap financing: $1,097/mo
$531less per month with the assumable
Your Savings on This Property
7443 Allens Park, Colorado Springs · 3.02% VA vs 6.5% conventional
$531
per month
$6,368
per year
$191,040
over 30 years
$191,040
interest saved
How gap financing works: The equity gap ($168,357) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($142,607 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 7443 Allens Park.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.