Loan Comparison: 3.07% vs 6.5%
3893 Roan, Colorado Springs, CO 80922 · 4bd/4ba · $500,000
List Price
$500,000
Assumable Rate
3.07%
Remaining Balance
$333,382
Equity Gap
$168,026
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$168,026
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 4.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.07% + gap loan
$2,518/moAssumed loan: $1,418/mo
Gap financing: $1,100/mo
$484less per month with the assumable
Your Savings on This Property
3893 Roan, Colorado Springs · 3.07% VA vs 6.5% conventional
$484
per month
$5,813
per year
$174,387
over 30 years
$175,795
interest saved
How gap financing works: The equity gap ($168,026) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($143,026 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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