Loan Comparison: 3.45% vs 6.5%
9307 Blue Birch, Colorado Springs, CO 80927 · 4bd/3ba · $530,000
List Price
$530,000
Assumable Rate
3.45%
Remaining Balance
$462,238
Equity Gap
$68,670
Loan Type
VAAdjust Your Scenario
$26,500
$26,500$68,670
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 3.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 3.45% + gap loan
$2,387/moAssumed loan: $2,063/mo
Gap financing: $324/mo
$795less per month with the assumable
Your Savings on This Property
9307 Blue Birch, Colorado Springs · 3.45% VA vs 6.5% conventional
$795
per month
$9,545
per year
$286,357
over 30 years
$287,265
interest saved
How gap financing works: The equity gap ($68,670) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,500, 5% of purchase price) and a second mortgage for the rest ($42,170 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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