Loan Comparison: 3.07% vs 6.5%
6712 Lucky Star, Colorado Springs, CO 80923 · 3bd/3ba · $489,900
List Price
$489,900
Assumable Rate
3.07%
Remaining Balance
$368,422
Equity Gap
$122,258
Loan Type
VAAdjust Your Scenario
$24,495
$24,495$122,258
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 4.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,942/moAssumable @ 3.07% + gap loan
$2,319/moAssumed loan: $1,567/mo
Gap financing: $752/mo
$623less per month with the assumable
Your Savings on This Property
6712 Lucky Star, Colorado Springs · 3.07% VA vs 6.5% conventional
$623
per month
$7,473
per year
$224,186
over 30 years
$224,966
interest saved
How gap financing works: The equity gap ($122,258) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,495, 5% of purchase price) and a second mortgage for the rest ($97,763 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 6712 Lucky Star.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.