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
$939,369
Equity Gap
$559,773
Loan Type
VAAdjust Your Scenario
$74,750
$74,750$559,773
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.34% (VA)
Blended Rate: 5.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,977/moAssumable @ 3.34% + gap loan
$7,864/moAssumed loan: $4,135/mo
Gap financing: $3,729/mo
$1,113less per month with the assumable
Your Savings on This Property
9835 Eaglet, Colorado Springs · 3.34% VA vs 6.5% conventional
$1,113
per month
$13,354
per year
$400,609
over 30 years
$404,751
interest saved
How gap financing works: The equity gap ($559,773) 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 ($485,023 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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