Loan Comparison: 3.72% vs 6.5%
4726 Trailmark, Colorado Springs, CO 80916 · 3bd/3ba · $400,000
List Price
$400,000
Assumable Rate
3.72%
Remaining Balance
$124,496
Equity Gap
$275,232
Loan Type
VAAdjust Your Scenario
$20,000
$20,000$275,232
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (VA)
Blended Rate: 6.93%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 3.72% + gap loan
$2,537/moAssumed loan: $574/mo
Gap financing: $1,963/mo
Your Savings on This Property
4726 Trailmark, Colorado Springs · 3.72% 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 ($275,232) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($255,232 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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