Loan Comparison: 3.31% vs 6.5%
6850 Phantom, Colorado Springs, CO 80925 · 4bd/3ba · $475,000
List Price
$475,000
Assumable Rate
3.31%
Remaining Balance
$335,245
Equity Gap
$140,511
Loan Type
VAAdjust Your Scenario
$23,750
$23,750$140,511
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.31% (VA)
Blended Rate: 4.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 3.31% + gap loan
$2,368/moAssumed loan: $1,470/mo
Gap financing: $898/mo
$484less per month with the assumable
Your Savings on This Property
6850 Phantom, Colorado Springs · 3.31% VA vs 6.5% conventional
$484
per month
$5,812
per year
$174,365
over 30 years
$175,121
interest saved
How gap financing works: The equity gap ($140,511) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($116,761 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 6850 Phantom.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.