Loan Comparison: 5.25% vs 6.5%
4803 Brant, Colorado Springs, CO 80911 · 3bd/3ba · $384,900
List Price
$384,900
Assumable Rate
5.25%
Remaining Balance
$388,740
Equity Gap
$20,469
Loan Type
VAAdjust Your Scenario
$19,245
$19,245$20,469
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.25% (VA)
Blended Rate: 5.26%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,311/moAssumable @ 5.25% + gap loan
$2,156/moAssumed loan: $2,147/mo
Gap financing: $9/mo
$155less per month with the assumable
Your Savings on This Property
4803 Brant, Colorado Springs · 5.25% VA vs 6.5% conventional
$155
per month
$1,862
per year
$55,850
over 30 years
$80,159
interest saved
How gap financing works: The equity gap ($20,469) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,245, 5% of purchase price) and a second mortgage for the rest ($1,224 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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