Loan Comparison: 2.81% vs 6.5%
3725 Saints, Colorado Springs, CO 80904 · 3bd/3ba · $755,000
List Price
$755,000
Assumable Rate
2.81%
Remaining Balance
$307,983
Equity Gap
$447,017
Loan Type
VAAdjust Your Scenario
$37,750
$37,750$447,017
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.81% (VA)
Blended Rate: 6.06%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,534/moAssumable @ 2.81% + gap loan
$4,414/moAssumed loan: $1,267/mo
Gap financing: $3,147/mo
$119less per month with the assumable
Your Savings on This Property
3725 Saints, Colorado Springs · 2.81% VA vs 6.5% conventional
$119
per month
$1,434
per year
$43,011
over 30 years
$43,011
interest saved
How gap financing works: The equity gap ($447,017) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,750, 5% of purchase price) and a second mortgage for the rest ($409,267 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 3725 Saints.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.