Loan Comparison: 3.69% vs 6.5%
4113 Morado, Colorado Springs, CO 80911 · 5bd/2ba · $420,000
List Price
$420,000
Assumable Rate
3.69%
Remaining Balance
$269,840
Equity Gap
$149,568
Loan Type
VAAdjust Your Scenario
$21,000
$21,000$149,568
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 5.24%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,522/moAssumable @ 3.69% + gap loan
$2,229/moAssumed loan: $1,241/mo
Gap financing: $989/mo
$293less per month with the assumable
Your Savings on This Property
4113 Morado, Colorado Springs · 3.69% VA vs 6.5% conventional
$293
per month
$3,514
per year
$105,434
over 30 years
$104,842
interest saved
How gap financing works: The equity gap ($149,568) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,000, 5% of purchase price) and a second mortgage for the rest ($128,568 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 4113 Morado.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.