Loan Comparison: 5.52% vs 6.5%
4830 Brown Valley, Colorado Springs, CO 80918 · 4bd/3ba · $600,000
List Price
$600,000
Assumable Rate
5.52%
Remaining Balance
$472,302
Equity Gap
$129,016
Loan Type
VAAdjust Your Scenario
$30,000
$30,000$129,016
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.52% (VA)
Blended Rate: 6.04%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 5.52% + gap loan
$3,449/moAssumed loan: $2,688/mo
Gap financing: $761/mo
$154less per month with the assumable
Your Savings on This Property
4830 Brown Valley, Colorado Springs · 5.52% VA vs 6.5% conventional
$154
per month
$1,846
per year
$55,380
over 30 years
$56,698
interest saved
How gap financing works: The equity gap ($129,016) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($99,016 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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