Loan Comparison: 3.41% vs 6.5%
7375 Pearly Heath, Colorado Springs, CO 80908 · 5bd/4ba · $525,000
List Price
$525,000
Assumable Rate
3.41%
Remaining Balance
$228,568
Equity Gap
$370,392
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$370,392
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.41% (VA)
Blended Rate: 6.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3.41% + gap loan
$3,661/moAssumed loan: $1,015/mo
Gap financing: $2,646/mo
Your Savings on This Property
7375 Pearly Heath, Colorado Springs · 3.41% 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 ($370,392) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($344,142 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.
🏠
Back to This Listing
View photos, details, and request a showing for 7375 Pearly Heath.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.