Loan Comparison: 3.72% vs 6.5%
3885 Pony Tracks, Colorado Springs, CO 80922 · 4bd/4ba · $469,900
List Price
$469,900
Assumable Rate
3.72%
Remaining Balance
$289,997
Equity Gap
$179,260
Loan Type
VAAdjust Your Scenario
$23,495
$23,495$179,260
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (VA)
Blended Rate: 5.39%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,822/moAssumable @ 3.72% + gap loan
$2,536/moAssumed loan: $1,338/mo
Gap financing: $1,198/mo
$286less per month with the assumable
Your Savings on This Property
3885 Pony Tracks, Colorado Springs · 3.72% VA vs 6.5% conventional
$286
per month
$3,430
per year
$102,886
over 30 years
$102,243
interest saved
How gap financing works: The equity gap ($179,260) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,495, 5% of purchase price) and a second mortgage for the rest ($155,765 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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