Loan Comparison: 3.63% vs 6.5%
1808 La Bellezza, Colorado Springs, CO 80919 · 4bd/5ba · $964,500
List Price
$964,500
Assumable Rate
3.63%
Remaining Balance
$517,963
Equity Gap
$448,824
Loan Type
VAAdjust Your Scenario
$48,225
$48,225$448,824
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.63% (VA)
Blended Rate: 5.75%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,791/moAssumable @ 3.63% + gap loan
$5,444/moAssumed loan: $2,364/mo
Gap financing: $3,080/mo
$348less per month with the assumable
Your Savings on This Property
1808 La Bellezza, Colorado Springs · 3.63% VA vs 6.5% conventional
$348
per month
$4,171
per year
$125,131
over 30 years
$127,418
interest saved
How gap financing works: The equity gap ($448,824) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($48,225, 5% of purchase price) and a second mortgage for the rest ($400,599 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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