Loan Comparison: 2.52% vs 6.5%
16044 Pole Pine, Colorado Springs, CO 80908 · 4bd/4ba · $1,150,000
List Price
$1,150,000
Assumable Rate
2.52%
Remaining Balance
$405,389
Equity Gap
$761,932
Loan Type
VAAdjust Your Scenario
$57,500
$57,500$761,932
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.52% (VA)
Blended Rate: 6.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,905/moAssumable @ 2.52% + gap loan
$7,022/moAssumed loan: $1,606/mo
Gap financing: $5,416/mo
Your Savings on This Property
16044 Pole Pine, Colorado Springs · 2.52% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($761,932) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($57,500, 5% of purchase price) and a second mortgage for the rest ($704,432 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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