Loan Comparison: 2.89% vs 6.5%
3425 Hollycrest, Colorado Springs, CO 80920 · 5bd/4ba · $850,000
List Price
$850,000
Assumable Rate
2.89%
Remaining Balance
$459,016
Equity Gap
$491,813
Loan Type
VAAdjust Your Scenario
$42,500
$42,500$491,813
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (VA)
Blended Rate: 5.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,104/moAssumable @ 2.89% + gap loan
$5,363/moAssumed loan: $1,908/mo
Gap financing: $3,455/mo
Your Savings on This Property
3425 Hollycrest, Colorado Springs · 2.89% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$7,595
interest saved
How gap financing works: The equity gap ($491,813) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,500, 5% of purchase price) and a second mortgage for the rest ($449,313 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 3425 Hollycrest.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.