Loan Comparison: 2.66% vs 6.5%
3930 Regency, Colorado Springs, CO 80906 · 5bd/4ba · $920,000
List Price
$920,000
Assumable Rate
2.66%
Remaining Balance
$511,400
Equity Gap
$488,558
Loan Type
VAAdjust Your Scenario
$46,000
$46,000$488,558
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.66% (VA)
Blended Rate: 5.37%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,524/moAssumable @ 2.66% + gap loan
$5,466/moAssumed loan: $2,063/mo
Gap financing: $3,403/mo
$58less per month with the assumable
Your Savings on This Property
3930 Regency, Colorado Springs · 2.66% VA vs 6.5% conventional
$58
per month
$695
per year
$20,858
over 30 years
$100,816
interest saved
How gap financing works: The equity gap ($488,558) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($46,000, 5% of purchase price) and a second mortgage for the rest ($442,558 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.
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