Loan Comparison: 2.84% vs 6.5%
4349 Kaolin, Colorado Springs, CO 80938 · 3bd/3ba · $440,000
List Price
$440,000
Assumable Rate
2.84%
Remaining Balance
$339,649
Equity Gap
$100,351
Loan Type
VAAdjust Your Scenario
$22,000
$22,000$100,351
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 3.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,642/moAssumable @ 2.84% + gap loan
$2,005/moAssumed loan: $1,403/mo
Gap financing: $602/mo
$637less per month with the assumable
Your Savings on This Property
4349 Kaolin, Colorado Springs · 2.84% VA vs 6.5% conventional
$637
per month
$7,641
per year
$229,234
over 30 years
$229,234
interest saved
How gap financing works: The equity gap ($100,351) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,000, 5% of purchase price) and a second mortgage for the rest ($78,351 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 4349 Kaolin.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.