Loan Comparison: 3.69% vs 6.5%
875 Aspenglow, Colorado Springs, CO 80916 · 4bd/3ba · $431,000
List Price
$431,000
Assumable Rate
3.69%
Remaining Balance
$202,222
Equity Gap
$228,335
Loan Type
VAAdjust Your Scenario
$21,550
$21,550$228,335
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 6.12%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,588/moAssumable @ 3.69% + gap loan
$2,520/moAssumed loan: $930/mo
Gap financing: $1,590/mo
$68less per month with the assumable
Your Savings on This Property
875 Aspenglow, Colorado Springs · 3.69% VA vs 6.5% conventional
$68
per month
$820
per year
$24,608
over 30 years
$24,165
interest saved
How gap financing works: The equity gap ($228,335) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,550, 5% of purchase price) and a second mortgage for the rest ($206,785 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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