Loan Comparison: 2.87% vs 6.5%
5297 Makalu, Colorado Springs, CO 80924 · 3bd/3ba · $579,999
List Price
$579,999
Assumable Rate
2.87%
Remaining Balance
$467,887
Equity Gap
$111,066
Loan Type
VAAdjust Your Scenario
$29,000
$29,000$111,066
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.87% (VA)
Blended Rate: 3.71%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,483/moAssumable @ 2.87% + gap loan
$2,571/moAssumed loan: $1,940/mo
Gap financing: $631/mo
$912less per month with the assumable
Your Savings on This Property
5297 Makalu, Colorado Springs · 2.87% VA vs 6.5% conventional
$912
per month
$10,940
per year
$328,210
over 30 years
$327,164
interest saved
How gap financing works: The equity gap ($111,066) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,000, 5% of purchase price) and a second mortgage for the rest ($82,066 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 5297 Makalu.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.