Loan Comparison: 3.07% vs 6.5%
6560 President, Colorado Springs, CO 80911 · 4bd/2ba · $379,900
List Price
$379,900
Assumable Rate
3.07%
Remaining Balance
$207,664
Equity Gap
$172,674
Loan Type
VAAdjust Your Scenario
$18,995
$18,995$172,674
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 5.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,281/moAssumable @ 3.07% + gap loan
$2,065/moAssumed loan: $883/mo
Gap financing: $1,182/mo
$216less per month with the assumable
Your Savings on This Property
6560 President, Colorado Springs · 3.07% VA vs 6.5% conventional
$216
per month
$2,594
per year
$77,806
over 30 years
$78,244
interest saved
How gap financing works: The equity gap ($172,674) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,995, 5% of purchase price) and a second mortgage for the rest ($153,679 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 6560 President.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.