Loan Comparison: 4.46% vs 6.5%
3738 Tail Wind, Colorado Springs, CO 80911 · 5bd/4ba · $539,500
List Price
$539,500
Assumable Rate
4.46%
Remaining Balance
$224,796
Equity Gap
$315,380
Loan Type
VAAdjust Your Scenario
$26,975
$26,975$315,380
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.46% (VA)
Blended Rate: 6.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,240/moAssumable @ 4.46% + gap loan
$3,351/moAssumed loan: $1,134/mo
Gap financing: $2,218/mo
Your Savings on This Property
3738 Tail Wind, Colorado Springs · 4.46% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($315,380) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,975, 5% of purchase price) and a second mortgage for the rest ($288,405 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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