Loan Comparison: 2.68% vs 6.5%
6724 Golden Briar, Colorado Springs, CO 80927 · 4bd/3ba · $545,000
List Price
$545,000
Assumable Rate
2.68%
Remaining Balance
$381,641
Equity Gap
$162,445
Loan Type
VAAdjust Your Scenario
$27,250
$27,250$162,445
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (VA)
Blended Rate: 4.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,273/moAssumable @ 2.68% + gap loan
$2,583/moAssumed loan: $1,544/mo
Gap financing: $1,040/mo
$689less per month with the assumable
Your Savings on This Property
6724 Golden Briar, Colorado Springs · 2.68% VA vs 6.5% conventional
$689
per month
$8,269
per year
$248,075
over 30 years
$247,161
interest saved
How gap financing works: The equity gap ($162,445) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,250, 5% of purchase price) and a second mortgage for the rest ($135,195 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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