Loan Comparison: 2.25% vs 6.5%
5431 Ansel, Colorado Springs, CO 80923 · 3bd/2ba · $425,000
List Price
$425,000
Assumable Rate
2.25%
Remaining Balance
$276,118
Equity Gap
$148,254
Loan Type
VAAdjust Your Scenario
$21,250
$21,250$148,254
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.25% (VA)
Blended Rate: 4.22%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 2.25% + gap loan
$2,032/moAssumed loan: $1,055/mo
Gap financing: $977/mo
$520less per month with the assumable
Your Savings on This Property
5431 Ansel, Colorado Springs · 2.25% VA vs 6.5% conventional
$520
per month
$6,240
per year
$187,190
over 30 years
$186,562
interest saved
How gap financing works: The equity gap ($148,254) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($127,004 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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