Loan Comparison: 2.39% vs 6.5%
1115 Pipestone, Colorado Springs, CO 80911 · 4bd/3ba · $444,900
List Price
$444,900
Assumable Rate
2.39%
Remaining Balance
$138,374
Equity Gap
$321,150
Loan Type
VAAdjust Your Scenario
$22,245
$22,245$321,150
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.39% (VA)
Blended Rate: 6.57%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,671/moAssumable @ 2.39% + gap loan
$2,837/moAssumed loan: $539/mo
Gap financing: $2,298/mo
Your Savings on This Property
1115 Pipestone, Colorado Springs · 2.39% 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 ($321,150) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,245, 5% of purchase price) and a second mortgage for the rest ($298,905 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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