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
$335,886
Equity Gap
$64,113
Loan Type
VAAdjust Your Scenario
$20,000
$20,000$64,113
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.652% (VA)
Blended Rate: 3.33%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 2.652% + gap loan
$1,693/moAssumed loan: $1,354/mo
Gap financing: $339/mo
$709less per month with the assumable
Your Savings on This Property
2927 Cabrillo, Colorado Springs · 2.652% VA vs 6.5% conventional
$709
per month
$8,506
per year
$255,174
over 30 years
$255,173
interest saved
How gap financing works: The equity gap ($64,113) 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 ($44,113 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.