Loan Comparison: 4.25% vs 6.5%
2635 Fredricksburg, Colorado Springs, CO 80922 · 4bd/3ba · $414,500
List Price
$414,500
Assumable Rate
4.25%
Remaining Balance
$0
Equity Gap
$430,613
Loan Type
VAAdjust Your Scenario
$20,725
$20,725$430,613
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.25% (VA)
Blended Rate: 8.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,489/moAssumable @ 4.25% + gap loan
$3,152/moAssumed loan: $0/mo
Gap financing: $3,152/mo
Your Savings on This Property
2635 Fredricksburg, Colorado Springs · 4.25% 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 ($430,613) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,725, 5% of purchase price) and a second mortgage for the rest ($409,888 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.
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