Loan Comparison: 4.46% vs 6.5%
3060 Mandalay, Colorado Springs, CO 80917 · 2bd/2ba · $235,000
List Price
$235,000
Assumable Rate
4.46%
Remaining Balance
$94,487
Equity Gap
$140,490
Loan Type
VAAdjust Your Scenario
$11,750
$11,750$140,490
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.46% (VA)
Blended Rate: 6.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,411/moAssumable @ 4.46% + gap loan
$1,466/moAssumed loan: $477/mo
Gap financing: $990/mo
Your Savings on This Property
3060 Mandalay, Colorado Springs · 4.46% 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 ($140,490) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,750, 5% of purchase price) and a second mortgage for the rest ($128,740 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 3060 Mandalay.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.