Loan Comparison: 4.38% vs 6.5%
3385 Viero, Colorado Springs, CO 80916 · 3bd/3ba · $419,000
List Price
$419,000
Assumable Rate
4.38%
Remaining Balance
$185,499
Equity Gap
$341,099
Loan Type
VAAdjust Your Scenario
$20,950
$20,950$341,099
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.38% (VA)
Blended Rate: 6.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,516/moAssumable @ 4.38% + gap loan
$3,388/moAssumed loan: $927/mo
Gap financing: $2,462/mo
Your Savings on This Property
3385 Viero, Colorado Springs · 4.38% 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 ($341,099) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,950, 5% of purchase price) and a second mortgage for the rest ($320,149 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 3385 Viero.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.