Loan Comparison: 5.84% vs 6.5%
9956 Bison Valley, Colorado Springs, CO 80908 · 4bd/3ba · $925,000
List Price
$925,000
Assumable Rate
5.84%
Remaining Balance
$696,759
Equity Gap
$229,128
Loan Type
VAAdjust Your Scenario
$46,250
$46,250$229,128
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.84% (VA)
Blended Rate: 6.39%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,554/moAssumable @ 5.84% + gap loan
$5,512/moAssumed loan: $4,106/mo
Gap financing: $1,406/mo
$42less per month with the assumable
Your Savings on This Property
9956 Bison Valley, Colorado Springs · 5.84% VA vs 6.5% conventional
$42
per month
$505
per year
$15,158
over 30 years
$16,045
interest saved
How gap financing works: The equity gap ($229,128) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($46,250, 5% of purchase price) and a second mortgage for the rest ($182,878 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 9956 Bison Valley.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.