Loan Comparison: 2.81% vs 6.5%
1079 Native Dancer, Colorado Springs, CO 80921 · 4bd/3ba · $950,000
List Price
$950,000
Assumable Rate
2.81%
Remaining Balance
$469,567
Equity Gap
$479,355
Loan Type
VAAdjust Your Scenario
$47,500
$47,500$479,355
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 5.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,704/moAssumable @ 2.81% + gap loan
$5,253/moAssumed loan: $1,932/mo
Gap financing: $3,321/mo
$452less per month with the assumable
Your Savings on This Property
1079 Native Dancer, Colorado Springs · 2.81% VA vs 6.5% conventional
$452
per month
$5,423
per year
$162,684
over 30 years
$161,606
interest saved
How gap financing works: The equity gap ($479,355) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($47,500, 5% of purchase price) and a second mortgage for the rest ($431,855 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 1079 Native Dancer.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.