Loan Comparison: 3.76% vs 6.5%
6545 BONIFAS, Colorado Springs, CO 80919 · 3bd/2ba · $525,000
List Price
$525,000
Assumable Rate
3.76%
Remaining Balance
$321,848
Equity Gap
$303,152
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$303,152
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 5.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3.76% + gap loan
$3,621/moAssumed loan: $1,492/mo
Gap financing: $2,129/mo
Your Savings on This Property
6545 BONIFAS, Colorado Springs · 3.76% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($303,152) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($276,902 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 6545 BONIFAS.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.