Loan Comparison: 2.15% vs 6.5%
811 Yellow Jasper, Colorado Springs, CO 80921 · 3bd/3ba · $475,000
List Price
$475,000
Assumable Rate
2.15%
Remaining Balance
$49,597
Equity Gap
$469,125
Loan Type
VAAdjust Your Scenario
$23,750
$23,750$469,125
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.15% (VA)
Blended Rate: 7.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 2.15% + gap loan
$3,612/moAssumed loan: $187/mo
Gap financing: $3,425/mo
Your Savings on This Property
811 Yellow Jasper, Colorado Springs · 2.15% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($469,125) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($445,375 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 811 Yellow Jasper.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.