Loan Comparison: 3.21% vs 6.5%
5768 Adkisson, Colorado Springs, CO 80924 · 5bd/4ba · $760,000
List Price
$760,000
Assumable Rate
3.21%
Remaining Balance
$668,708
Equity Gap
$91,291
Loan Type
VAAdjust Your Scenario
$38,000
$38,000$91,291
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.21% (VA)
Blended Rate: 3.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,564/moAssumable @ 3.21% + gap loan
$3,305/moAssumed loan: $2,896/mo
Gap financing: $410/mo
$1,258less per month with the assumable
Your Savings on This Property
5768 Adkisson, Colorado Springs · 3.21% VA vs 6.5% conventional
$1,258
per month
$15,098
per year
$452,941
over 30 years
$452,940
interest saved
How gap financing works: The equity gap ($91,291) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,000, 5% of purchase price) and a second mortgage for the rest ($53,291 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 5768 Adkisson.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.