Loan Comparison: 2.77% vs 6.5%
6070 Rowdy, Colorado Springs, CO 80924 · 5bd/4ba · $749,999
List Price
$749,999
Assumable Rate
2.77%
Remaining Balance
$329,675
Equity Gap
$420,324
Loan Type
VAAdjust Your Scenario
$37,500
$37,500$420,324
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 5.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 2.77% + gap loan
$4,293/moAssumed loan: $1,349/mo
Gap financing: $2,944/mo
$211less per month with the assumable
Your Savings on This Property
6070 Rowdy, Colorado Springs · 2.77% VA vs 6.5% conventional
$211
per month
$2,526
per year
$75,791
over 30 years
$75,790
interest saved
How gap financing works: The equity gap ($420,324) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,500, 5% of purchase price) and a second mortgage for the rest ($382,824 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 6070 Rowdy.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.