Loan Comparison: 4.17% vs 6.5%
1526 Chutney, Colorado Springs, CO 80907 · 4bd/4ba · $559,000
List Price
$559,000
Assumable Rate
4.17%
Remaining Balance
$400,255
Equity Gap
$158,038
Loan Type
VAAdjust Your Scenario
$27,950
$27,950$158,038
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 5.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,357/moAssumable @ 4.17% + gap loan
$2,951/moAssumed loan: $1,950/mo
Gap financing: $1,000/mo
$406less per month with the assumable
Your Savings on This Property
1526 Chutney, Colorado Springs · 4.17% VA vs 6.5% conventional
$406
per month
$4,872
per year
$146,167
over 30 years
$145,460
interest saved
How gap financing works: The equity gap ($158,038) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,950, 5% of purchase price) and a second mortgage for the rest ($130,088 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 1526 Chutney.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.