Loan Comparison: 3.34% vs 6.5%
9835 Eaglet, Colorado Springs, CO 80908 · 4bd/5ba · $1,495,000
List Price
$1,495,000
Assumable Rate
3.34%
Remaining Balance
$933,147
Equity Gap
$561,853
Loan Type
VAAdjust Your Scenario
$74,750
$74,750$561,853
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.34% (VA)
Blended Rate: 5.11%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,977/moAssumable @ 3.34% + gap loan
$7,853/moAssumed loan: $4,107/mo
Gap financing: $3,745/mo
$1,124less per month with the assumable
Your Savings on This Property
9835 Eaglet, Colorado Springs · 3.34% VA vs 6.5% conventional
$1,124
per month
$13,490
per year
$404,710
over 30 years
$404,710
interest saved
How gap financing works: The equity gap ($561,853) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($74,750, 5% of purchase price) and a second mortgage for the rest ($487,103 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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