Loan Comparison: 2.87% vs 6.5%
4330 Ridgeway, Colorado Springs, CO 80908 · 6bd/5ba · $1,695,000
List Price
$1,695,000
Assumable Rate
2.87%
Remaining Balance
$790,680
Equity Gap
$1,203,223
Loan Type
VAAdjust Your Scenario
$84,750
$84,750$1,203,223
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.87% (VA)
Blended Rate: 6.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$10,178/moAssumable @ 2.87% + gap loan
$11,878/moAssumed loan: $3,278/mo
Gap financing: $8,600/mo
Your Savings on This Property
4330 Ridgeway, Colorado Springs · 2.87% 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 ($1,203,223) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($84,750, 5% of purchase price) and a second mortgage for the rest ($1,118,473 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 4330 Ridgeway.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.