Loan Comparison: 4.55% vs 6.5%
1547 Chesham, Colorado Springs, CO 80907 · 4bd/3ba · $535,000
List Price
$535,000
Assumable Rate
4.55%
Remaining Balance
$45,000
Equity Gap
$554,227
Loan Type
VAAdjust Your Scenario
$26,750
$26,750$554,227
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.55% (VA)
Blended Rate: 8.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,212/moAssumable @ 4.55% + gap loan
$4,285/moAssumed loan: $229/mo
Gap financing: $4,056/mo
Your Savings on This Property
1547 Chesham, Colorado Springs · 4.55% 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 ($554,227) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,750, 5% of purchase price) and a second mortgage for the rest ($527,477 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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