Loan Comparison: 4.17% vs 6.5%
4011 Pikes Peak, Colorado Springs, CO 80909 · 3bd/1ba · $323,000
List Price
$323,000
Assumable Rate
4.17%
Remaining Balance
$277,643
Equity Gap
$45,357
Loan Type
VAAdjust Your Scenario
$16,150
$16,150$45,357
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 4.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,940/moAssumable @ 4.17% + gap loan
$1,577/moAssumed loan: $1,353/mo
Gap financing: $225/mo
$362less per month with the assumable
Your Savings on This Property
4011 Pikes Peak, Colorado Springs · 4.17% VA vs 6.5% conventional
$362
per month
$4,345
per year
$130,341
over 30 years
$130,341
interest saved
How gap financing works: The equity gap ($45,357) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,150, 5% of purchase price) and a second mortgage for the rest ($29,207 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 4011 Pikes Peak.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.