Loan Comparison: 2.652% vs 6.5%
2927 Cabrillo, Colorado Springs, CO 80910 · 3bd/2ba · $400,000
List Price
$400,000
Assumable Rate
2.652%
Remaining Balance
$336,654
Equity Gap
$63,346
Loan Type
VAAdjust Your Scenario
$20,000
$20,000$63,346
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.652% (VA)
Blended Rate: 3.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 2.652% + gap loan
$1,690/moAssumed loan: $1,357/mo
Gap financing: $333/mo
$712less per month with the assumable
Your Savings on This Property
2927 Cabrillo, Colorado Springs · 2.652% VA vs 6.5% conventional
$712
per month
$8,539
per year
$256,182
over 30 years
$256,182
interest saved
How gap financing works: The equity gap ($63,346) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($43,346 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 2927 Cabrillo.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.