Loan Comparison: 3.07% vs 6.5%
2455 Payne, Colorado Springs, CO 80916 · 4bd/2ba · $375,000
List Price
$375,000
Assumable Rate
3.07%
Remaining Balance
$346,754
Equity Gap
$28,245
Loan Type
VAAdjust Your Scenario
$18,750
$18,750$28,245
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,252/moAssumable @ 3.07% + gap loan
$1,548/moAssumed loan: $1,475/mo
Gap financing: $73/mo
$704less per month with the assumable
Your Savings on This Property
2455 Payne, Colorado Springs · 3.07% VA vs 6.5% conventional
$704
per month
$8,444
per year
$253,325
over 30 years
$253,324
interest saved
How gap financing works: The equity gap ($28,245) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,750, 5% of purchase price) and a second mortgage for the rest ($9,495 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 2455 Payne.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.