Loan Comparison: 2.89% vs 6.5%
6618 Cumbre Vista, Colorado Springs, CO 80924 · 4bd/3ba · $625,000
List Price
$625,000
Assumable Rate
2.89%
Remaining Balance
$200,244
Equity Gap
$223,572
Loan Type
VAAdjust Your Scenario
$31,250
$31,250$223,572
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (VA)
Blended Rate: 5.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,753/moAssumable @ 2.89% + gap loan
$2,311/moAssumed loan: $832/mo
Gap financing: $1,479/mo
$1,442less per month with the assumable
Your Savings on This Property
6618 Cumbre Vista, Colorado Springs · 2.89% VA vs 6.5% conventional
$1,442
per month
$17,301
per year
$519,016
over 30 years
$317,832
interest saved
How gap financing works: The equity gap ($223,572) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,250, 5% of purchase price) and a second mortgage for the rest ($192,322 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 6618 Cumbre Vista.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.