Loan Comparison: 5.52% vs 6.5%
4334 Allesandro, Colorado Springs, CO 80916 · 3bd/2ba · $389,000
List Price
$389,000
Assumable Rate
5.52%
Remaining Balance
$359,446
Equity Gap
$30,551
Loan Type
VAAdjust Your Scenario
$19,450
$19,450$30,551
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 5.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,336/moAssumable @ 5.52% + gap loan
$2,131/moAssumed loan: $2,045/mo
Gap financing: $85/mo
$205less per month with the assumable
Your Savings on This Property
4334 Allesandro, Colorado Springs · 5.52% VA vs 6.5% conventional
$205
per month
$2,461
per year
$73,815
over 30 years
$74,812
interest saved
How gap financing works: The equity gap ($30,551) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,450, 5% of purchase price) and a second mortgage for the rest ($11,101 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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