Loan Comparison: 3.75% vs 6.5%
11872 Hawk Stone, Colorado Springs, CO 80921 · 5bd/5ba · $1,100,000
List Price
$1,100,000
Assumable Rate
3.75%
Remaining Balance
$882,705
Equity Gap
$213,960
Loan Type
VAAdjust Your Scenario
$55,000
$55,000$213,960
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 4.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,605/moAssumable @ 3.75% + gap loan
$5,310/moAssumed loan: $4,088/mo
Gap financing: $1,222/mo
$1,295less per month with the assumable
Your Savings on This Property
11872 Hawk Stone, Colorado Springs · 3.75% VA vs 6.5% conventional
$1,295
per month
$15,539
per year
$466,165
over 30 years
$462,830
interest saved
How gap financing works: The equity gap ($213,960) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($55,000, 5% of purchase price) and a second mortgage for the rest ($158,960 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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