Loan Comparison: 3.27% vs 6.5%
1280 Carlson, Colorado Springs, CO 80919 · 6bd/3ba · $785,000
List Price
$785,000
Assumable Rate
3.27%
Remaining Balance
$474,869
Equity Gap
$309,062
Loan Type
VAAdjust Your Scenario
$39,250
$39,250$309,062
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.27% (VA)
Blended Rate: 5.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,714/moAssumable @ 3.27% + gap loan
$4,146/moAssumed loan: $2,072/mo
Gap financing: $2,075/mo
$567less per month with the assumable
Your Savings on This Property
1280 Carlson, Colorado Springs · 3.27% VA vs 6.5% conventional
$567
per month
$6,806
per year
$204,174
over 30 years
$203,105
interest saved
How gap financing works: The equity gap ($309,062) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,250, 5% of purchase price) and a second mortgage for the rest ($269,812 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 1280 Carlson.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.