Loan Comparison: 4.99% vs 6.5%
13896 Windy Oaks, Colorado Springs, CO 80921 · 4bd/4ba · $949,900
List Price
$949,900
Assumable Rate
4.99%
Remaining Balance
$703,918
Equity Gap
$244,901
Loan Type
VAAdjust Your Scenario
$47,495
$47,495$244,901
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.99% (VA)
Blended Rate: 5.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,704/moAssumable @ 4.99% + gap loan
$5,292/moAssumed loan: $3,774/mo
Gap financing: $1,518/mo
$411less per month with the assumable
Your Savings on This Property
13896 Windy Oaks, Colorado Springs · 4.99% VA vs 6.5% conventional
$411
per month
$4,937
per year
$148,122
over 30 years
$147,041
interest saved
How gap financing works: The equity gap ($244,901) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($47,495, 5% of purchase price) and a second mortgage for the rest ($197,406 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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