Loan Comparison: 2.84% vs 6.5%
7585 Alpine Daisy, Colorado Springs, CO 80925 · 4bd/3ba · $495,000
List Price
$495,000
Assumable Rate
2.84%
Remaining Balance
$434,274
Equity Gap
$60,726
Loan Type
VAAdjust Your Scenario
$24,750
$24,750$60,726
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 3.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,972/moAssumable @ 2.84% + gap loan
$2,070/moAssumed loan: $1,794/mo
Gap financing: $277/mo
$902less per month with the assumable
Your Savings on This Property
7585 Alpine Daisy, Colorado Springs · 2.84% VA vs 6.5% conventional
$902
per month
$10,824
per year
$324,727
over 30 years
$324,727
interest saved
How gap financing works: The equity gap ($60,726) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,750, 5% of purchase price) and a second mortgage for the rest ($35,976 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 7585 Alpine Daisy.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.