Loan Comparison: 3.75% vs 6.5%
5415 Gansevoort, Colorado Springs, CO 80924 · 5bd/4ba · $850,000
List Price
$850,000
Assumable Rate
3.75%
Remaining Balance
$732,808
Equity Gap
$115,819
Loan Type
VAAdjust Your Scenario
$42,500
$42,500$115,819
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 4.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,104/moAssumable @ 3.75% + gap loan
$3,958/moAssumed loan: $3,394/mo
Gap financing: $564/mo
$1,146less per month with the assumable
Your Savings on This Property
5415 Gansevoort, Colorado Springs · 3.75% VA vs 6.5% conventional
$1,146
per month
$13,757
per year
$412,719
over 30 years
$411,346
interest saved
How gap financing works: The equity gap ($115,819) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,500, 5% of purchase price) and a second mortgage for the rest ($73,319 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 5415 Gansevoort.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.