Loan Comparison: 2.89% vs 6.5%
14143 Albatross, Colorado Springs, CO 80921 · 4bd/4ba · $519,000
List Price
$519,000
Assumable Rate
2.89%
Remaining Balance
$278,836
Equity Gap
$239,515
Loan Type
VAAdjust Your Scenario
$25,950
$25,950$239,515
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (VA)
Blended Rate: 5.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,116/moAssumable @ 2.89% + gap loan
$2,801/moAssumed loan: $1,159/mo
Gap financing: $1,642/mo
$315less per month with the assumable
Your Savings on This Property
14143 Albatross, Colorado Springs · 2.89% VA vs 6.5% conventional
$315
per month
$3,782
per year
$113,463
over 30 years
$112,814
interest saved
How gap financing works: The equity gap ($239,515) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,950, 5% of purchase price) and a second mortgage for the rest ($213,565 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 14143 Albatross.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.