Loan Comparison: 3.03% vs 6.5%
14174 Albatross, Colorado Springs, CO 80921 · 3bd/4ba · $525,000
List Price
$525,000
Assumable Rate
3.03%
Remaining Balance
$332,765
Equity Gap
$191,453
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$191,453
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.03% (VA)
Blended Rate: 4.84%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3.03% + gap loan
$2,679/moAssumed loan: $1,408/mo
Gap financing: $1,270/mo
$474less per month with the assumable
Your Savings on This Property
14174 Albatross, Colorado Springs · 3.03% VA vs 6.5% conventional
$474
per month
$5,686
per year
$170,579
over 30 years
$169,797
interest saved
How gap financing works: The equity gap ($191,453) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($165,203 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 14174 Albatross.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.