Loan Comparison: 3.76% vs 6.5%
6345 Naturita, Colorado Springs, CO 80922 · 5bd/3ba · $470,000
List Price
$470,000
Assumable Rate
3.76%
Remaining Balance
$294,258
Equity Gap
$225,603
Loan Type
VAAdjust Your Scenario
$23,500
$23,500$225,603
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 5.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,822/moAssumable @ 3.76% + gap loan
$2,918/moAssumed loan: $1,364/mo
Gap financing: $1,554/mo
Your Savings on This Property
6345 Naturita, Colorado Springs · 3.76% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$15,215
interest saved
How gap financing works: The equity gap ($225,603) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,500, 5% of purchase price) and a second mortgage for the rest ($202,103 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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