Loan Comparison: 4.05% vs 6.5%
1717 Wahsatch, Colorado Springs, CO 80905 · 5bd/4ba · $450,000
List Price
$450,000
Assumable Rate
4.05%
Remaining Balance
$114,573
Equity Gap
$335,142
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$335,142
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.05% (VA)
Blended Rate: 7.31%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 4.05% + gap loan
$2,954/moAssumed loan: $550/mo
Gap financing: $2,404/mo
Your Savings on This Property
1717 Wahsatch, Colorado Springs · 4.05% 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 ($335,142) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($312,642 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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