Loan Comparison: 4.32% vs 6.5%
16242 Timber Meadow, Colorado Springs, CO 80908 · 5bd/5ba · $1,900,000
List Price
$1,900,000
Assumable Rate
4.32%
Remaining Balance
$561,372
Equity Gap
$1,340,123
Loan Type
VAAdjust Your Scenario
$95,000
$95,000$1,340,123
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.32% (VA)
Blended Rate: 7.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$11,409/moAssumable @ 4.32% + gap loan
$12,359/moAssumed loan: $2,785/mo
Gap financing: $9,574/mo
Your Savings on This Property
16242 Timber Meadow, Colorado Springs · 4.32% 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 ($1,340,123) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($95,000, 5% of purchase price) and a second mortgage for the rest ($1,245,123 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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