Loan Comparison: 2.81% vs 6.5%
18330 Bakers Farm, Colorado Springs, CO 80908 · 5bd/5ba · $1,200,000
List Price
$1,200,000
Assumable Rate
2.81%
Remaining Balance
$393,077
Equity Gap
$806,923
Loan Type
VAAdjust Your Scenario
$60,000
$60,000$806,923
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 6.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,206/moAssumable @ 2.81% + gap loan
$7,360/moAssumed loan: $1,617/mo
Gap financing: $5,743/mo
Your Savings on This Property
18330 Bakers Farm, Colorado Springs · 2.81% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($806,923) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($60,000, 5% of purchase price) and a second mortgage for the rest ($746,923 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 18330 Bakers Farm.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.