Loan Comparison: 4.63% vs 6.5%
11045 Peaceful Valley, Colorado Springs, CO 80925 · 6bd/3ba · $649,000
List Price
$649,000
Assumable Rate
4.63%
Remaining Balance
$72,689
Equity Gap
$811,835
Loan Type
VAAdjust Your Scenario
$32,450
$32,450$811,835
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.63% (VA)
Blended Rate: 8.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,897/moAssumable @ 4.63% + gap loan
$6,367/moAssumed loan: $374/mo
Gap financing: $5,993/mo
Your Savings on This Property
11045 Peaceful Valley, Colorado Springs · 4.63% 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 ($811,835) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,450, 5% of purchase price) and a second mortgage for the rest ($779,385 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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