Loan Comparison: 3.76% vs 6.5%
776 Bosque Vista, Colorado Springs, CO 80916 · 3bd/3ba · $345,000
List Price
$345,000
Assumable Rate
3.76%
Remaining Balance
$324,879
Equity Gap
$19,504
Loan Type
VAAdjust Your Scenario
$17,250
$17,250$19,504
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 3.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,072/moAssumable @ 3.76% + gap loan
$1,524/moAssumed loan: $1,506/mo
Gap financing: $17/mo
$548less per month with the assumable
Your Savings on This Property
776 Bosque Vista, Colorado Springs · 3.76% VA vs 6.5% conventional
$548
per month
$6,574
per year
$197,230
over 30 years
$196,613
interest saved
How gap financing works: The equity gap ($19,504) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,250, 5% of purchase price) and a second mortgage for the rest ($2,254 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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