Loan Comparison: 2.76% vs 6.5%
4145 Sudbury, Colorado Springs, CO 80908 · 4bd/3ba · $749,000
List Price
$749,000
Assumable Rate
2.76%
Remaining Balance
$586,568
Equity Gap
$163,743
Loan Type
VAAdjust Your Scenario
$37,450
$37,450$163,743
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.76% (VA)
Blended Rate: 3.78%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,497/moAssumable @ 2.76% + gap loan
$3,369/moAssumed loan: $2,398/mo
Gap financing: $971/mo
$1,129less per month with the assumable
Your Savings on This Property
4145 Sudbury, Colorado Springs · 2.76% VA vs 6.5% conventional
$1,129
per month
$13,544
per year
$406,323
over 30 years
$407,634
interest saved
How gap financing works: The equity gap ($163,743) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,450, 5% of purchase price) and a second mortgage for the rest ($126,293 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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