Loan Comparison: 3.04% vs 6.5%
8277 Winding Passage, Colorado Springs, CO 80924 · 5bd/4ba · $599,900
List Price
$599,900
Assumable Rate
3.04%
Remaining Balance
$404,203
Equity Gap
$244,905
Loan Type
VAAdjust Your Scenario
$29,995
$29,995$244,905
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.04% (VA)
Blended Rate: 4.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,602/moAssumable @ 3.04% + gap loan
$3,365/moAssumed loan: $1,713/mo
Gap financing: $1,652/mo
$237less per month with the assumable
Your Savings on This Property
8277 Winding Passage, Colorado Springs · 3.04% VA vs 6.5% conventional
$237
per month
$2,842
per year
$85,265
over 30 years
$134,473
interest saved
How gap financing works: The equity gap ($244,905) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,995, 5% of purchase price) and a second mortgage for the rest ($214,910 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 8277 Winding Passage.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.