Loan Comparison: 3.02% vs 6.5%
4830 Bittercreek, Colorado Springs, CO 80922 · 5bd/4ba · $459,900
List Price
$459,900
Assumable Rate
3.02%
Remaining Balance
$260,785
Equity Gap
$199,115
Loan Type
VAAdjust Your Scenario
$22,995
$22,995$199,115
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 5.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,762/moAssumable @ 3.02% + gap loan
$2,457/moAssumed loan: $1,102/mo
Gap financing: $1,354/mo
$305less per month with the assumable
Your Savings on This Property
4830 Bittercreek, Colorado Springs · 3.02% VA vs 6.5% conventional
$305
per month
$3,660
per year
$109,811
over 30 years
$109,811
interest saved
How gap financing works: The equity gap ($199,115) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,995, 5% of purchase price) and a second mortgage for the rest ($176,120 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 4830 Bittercreek.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.