Loan Comparison: 2.74% vs 6.5%
1223 Livingston, Colorado Springs, CO 80906 · 5bd/4ba · $462,500
List Price
$462,500
Assumable Rate
2.74%
Remaining Balance
$304,943
Equity Gap
$207,742
Loan Type
VAAdjust Your Scenario
$23,125
$23,125$207,742
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 4.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,777/moAssumable @ 2.74% + gap loan
$2,663/moAssumed loan: $1,243/mo
Gap financing: $1,420/mo
$114less per month with the assumable
Your Savings on This Property
1223 Livingston, Colorado Springs · 2.74% VA vs 6.5% conventional
$114
per month
$1,372
per year
$41,154
over 30 years
$91,339
interest saved
How gap financing works: The equity gap ($207,742) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,125, 5% of purchase price) and a second mortgage for the rest ($184,617 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 1223 Livingston.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.