Loan Comparison: 4.57% vs 6.5%
8404 Cypress Wood, Colorado Springs, CO 80927 · 4bd/3ba · $530,000
List Price
$530,000
Assumable Rate
4.57%
Remaining Balance
$286,894
Equity Gap
$244,322
Loan Type
VAAdjust Your Scenario
$26,500
$26,500$244,322
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.57% (VA)
Blended Rate: 6.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 4.57% + gap loan
$3,140/moAssumed loan: $1,466/mo
Gap financing: $1,675/mo
$42less per month with the assumable
Your Savings on This Property
8404 Cypress Wood, Colorado Springs · 4.57% VA vs 6.5% conventional
$42
per month
$504
per year
$15,118
over 30 years
$16,334
interest saved
How gap financing works: The equity gap ($244,322) 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 ($217,822 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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