Loan Comparison: 3.69% vs 6.5%
10105 Thrive, Colorado Springs, CO 80924 · 5bd/4ba · $750,000
List Price
$750,000
Assumable Rate
3.69%
Remaining Balance
$591,901
Equity Gap
$353,967
Loan Type
VAAdjust Your Scenario
$37,500
$37,500$353,967
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 5.37%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 3.69% + gap loan
$5,154/moAssumed loan: $2,721/mo
Gap financing: $2,433/mo
Your Savings on This Property
10105 Thrive, Colorado Springs · 3.69% 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 ($353,967) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,500, 5% of purchase price) and a second mortgage for the rest ($316,467 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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