Loan Comparison: 3.8% vs 6.5%
5031 Stillwater, Colorado Springs, CO 80923 · 3bd/4ba · $450,000
List Price
$450,000
Assumable Rate
3.8%
Remaining Balance
$269,068
Equity Gap
$180,932
Loan Type
VAAdjust Your Scenario
$22,500
$22,500$180,932
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.8% (VA)
Blended Rate: 5.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 3.8% + gap loan
$2,472/moAssumed loan: $1,254/mo
Gap financing: $1,218/mo
$230less per month with the assumable
Your Savings on This Property
5031 Stillwater, Colorado Springs · 3.8% VA vs 6.5% conventional
$230
per month
$2,762
per year
$82,852
over 30 years
$82,852
interest saved
How gap financing works: The equity gap ($180,932) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($158,432 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 5031 Stillwater.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.