Loan Comparison: 3.18% vs 6.5%
17512 Pond View, Colorado Springs, CO 80908 · 5bd/5ba · $1,650,000
List Price
$1,650,000
Assumable Rate
3.18%
Remaining Balance
$701,502
Equity Gap
$948,498
Loan Type
VAAdjust Your Scenario
$82,500
$82,500$948,498
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.18% (VA)
Blended Rate: 6.12%
Monthly Payment Comparison
New Conventional @ 6.5%
$9,908/moAssumable @ 3.18% + gap loan
$9,685/moAssumed loan: $3,026/mo
Gap financing: $6,659/mo
$223less per month with the assumable
Your Savings on This Property
17512 Pond View, Colorado Springs · 3.18% VA vs 6.5% conventional
$223
per month
$2,674
per year
$80,206
over 30 years
$80,206
interest saved
How gap financing works: The equity gap ($948,498) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($82,500, 5% of purchase price) and a second mortgage for the rest ($865,998 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 17512 Pond View.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.