Loan Comparison: 4.99% vs 6.5%
13896 Windy Oaks, Colorado Springs, CO 80921 · 4bd/4ba · $924,900
List Price
$924,900
Assumable Rate
4.99%
Remaining Balance
$702,831
Equity Gap
$222,068
Loan Type
VAAdjust Your Scenario
$46,245
$46,245$222,068
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.99% (VA)
Blended Rate: 5.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,554/moAssumable @ 4.99% + gap loan
$5,121/moAssumed loan: $3,769/mo
Gap financing: $1,352/mo
$433less per month with the assumable
Your Savings on This Property
13896 Windy Oaks, Colorado Springs · 4.99% VA vs 6.5% conventional
$433
per month
$5,197
per year
$155,922
over 30 years
$155,921
interest saved
How gap financing works: The equity gap ($222,068) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($46,245, 5% of purchase price) and a second mortgage for the rest ($175,823 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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