Loan Comparison: 3.61% vs 6.5%
9808 Wando, Colorado Springs, CO 80925 · 4bd/3ba · $479,000
List Price
$479,000
Assumable Rate
3.61%
Remaining Balance
$263,146
Equity Gap
$214,677
Loan Type
VAAdjust Your Scenario
$23,950
$23,950$214,677
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.61% (VA)
Blended Rate: 5.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,876/moAssumable @ 3.61% + gap loan
$2,664/moAssumed loan: $1,198/mo
Gap financing: $1,467/mo
$212less per month with the assumable
Your Savings on This Property
9808 Wando, Colorado Springs · 3.61% VA vs 6.5% conventional
$212
per month
$2,542
per year
$76,262
over 30 years
$75,085
interest saved
How gap financing works: The equity gap ($214,677) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,950, 5% of purchase price) and a second mortgage for the rest ($190,727 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 9808 Wando.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.