Loan Comparison: 2.93% vs 6.5%
1935 Bucolo, Colorado Springs, CO 80951 · 3bd/3ba · $485,000
List Price
$485,000
Assumable Rate
2.93%
Remaining Balance
$151,519
Equity Gap
$181,255
Loan Type
VAAdjust Your Scenario
$24,250
$24,250$181,255
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.93% (VA)
Blended Rate: 5.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,912/moAssumable @ 2.93% + gap loan
$1,840/moAssumed loan: $633/mo
Gap financing: $1,207/mo
$1,072less per month with the assumable
Your Savings on This Property
1935 Bucolo, Colorado Springs · 2.93% VA vs 6.5% conventional
$1,072
per month
$12,863
per year
$385,890
over 30 years
$233,664
interest saved
How gap financing works: The equity gap ($181,255) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,250, 5% of purchase price) and a second mortgage for the rest ($157,005 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 1935 Bucolo.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.