Loan Comparison: 4.98% vs 6.5%
7237 Treebrook, Colorado Springs, CO 80918 · 3bd/3ba · $489,000
List Price
$489,000
Assumable Rate
4.98%
Remaining Balance
$449,323
Equity Gap
$38,974
Loan Type
VAAdjust Your Scenario
$24,450
$24,450$38,974
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (VA)
Blended Rate: 5.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,936/moAssumable @ 4.98% + gap loan
$2,518/moAssumed loan: $2,407/mo
Gap financing: $112/mo
$418less per month with the assumable
Your Savings on This Property
7237 Treebrook, Colorado Springs · 4.98% VA vs 6.5% conventional
$418
per month
$5,016
per year
$150,488
over 30 years
$149,785
interest saved
How gap financing works: The equity gap ($38,974) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,450, 5% of purchase price) and a second mortgage for the rest ($14,524 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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