Loan Comparison: 4.17% vs 6.5%
6375 Pushmataha, Colorado Springs, CO 80915 · 5bd/3ba · $444,900
List Price
$444,900
Assumable Rate
4.17%
Remaining Balance
$399,761
Equity Gap
$45,138
Loan Type
VAAdjust Your Scenario
$22,245
$22,245$45,138
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,671/moAssumable @ 4.17% + gap loan
$2,124/moAssumed loan: $1,948/mo
Gap financing: $176/mo
$548less per month with the assumable
Your Savings on This Property
6375 Pushmataha, Colorado Springs · 4.17% VA vs 6.5% conventional
$548
per month
$6,570
per year
$197,112
over 30 years
$197,111
interest saved
How gap financing works: The equity gap ($45,138) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,245, 5% of purchase price) and a second mortgage for the rest ($22,893 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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