Loan Comparison: 5.125% vs 6.5%
4121 Tree Creek, Colorado Springs, CO 80918 · 3bd/4ba · $479,999
List Price
$479,999
Assumable Rate
5.125%
Remaining Balance
$440,854
Equity Gap
$39,145
Loan Type
VAAdjust Your Scenario
$24,000
$24,000$39,145
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.125% (VA)
Blended Rate: 5.24%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 5.125% + gap loan
$2,517/moAssumed loan: $2,400/mo
Gap financing: $116/mo
$365less per month with the assumable
Your Savings on This Property
4121 Tree Creek, Colorado Springs · 5.125% VA vs 6.5% conventional
$365
per month
$4,385
per year
$131,537
over 30 years
$131,537
interest saved
How gap financing works: The equity gap ($39,145) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,000, 5% of purchase price) and a second mortgage for the rest ($15,145 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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