Loan Comparison: 3.48% vs 6.5%
7215 Rim Bluff, Colorado Springs, CO 80927 · 4bd/4ba · $664,900
List Price
$664,900
Assumable Rate
3.48%
Remaining Balance
$452,483
Equity Gap
$211,402
Loan Type
VAAdjust Your Scenario
$33,245
$33,245$211,402
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.48% (VA)
Blended Rate: 4.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,992/moAssumable @ 3.48% + gap loan
$3,397/moAssumed loan: $2,027/mo
Gap financing: $1,370/mo
$596less per month with the assumable
Your Savings on This Property
7215 Rim Bluff, Colorado Springs · 3.48% VA vs 6.5% conventional
$596
per month
$7,150
per year
$214,493
over 30 years
$213,478
interest saved
How gap financing works: The equity gap ($211,402) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,245, 5% of purchase price) and a second mortgage for the rest ($178,157 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 7215 Rim Bluff.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.