Loan Comparison: 3.08% vs 6.5%
7437 Bigtooth Maple, Colorado Springs, CO 80925 · 4bd/4ba · $535,000
List Price
$535,000
Assumable Rate
3.08%
Remaining Balance
$446,547
Equity Gap
$88,838
Loan Type
VAAdjust Your Scenario
$26,750
$26,750$88,838
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (VA)
Blended Rate: 3.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,212/moAssumable @ 3.08% + gap loan
$2,379/moAssumed loan: $1,902/mo
Gap financing: $477/mo
$833less per month with the assumable
Your Savings on This Property
7437 Bigtooth Maple, Colorado Springs · 3.08% VA vs 6.5% conventional
$833
per month
$9,997
per year
$299,916
over 30 years
$300,301
interest saved
How gap financing works: The equity gap ($88,838) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,750, 5% of purchase price) and a second mortgage for the rest ($62,088 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 7437 Bigtooth Maple.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.