Loan Comparison: 4.4% vs 6.5%
7540 Montarbor, Colorado Springs, CO 80918 · 4bd/3ba · $475,000
List Price
$475,000
Assumable Rate
4.4%
Remaining Balance
$110,431
Equity Gap
$364,569
Loan Type
VAAdjust Your Scenario
$23,750
$23,750$364,569
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.4% (VA)
Blended Rate: 7.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 4.4% + gap loan
$3,174/moAssumed loan: $553/mo
Gap financing: $2,621/mo
Your Savings on This Property
7540 Montarbor, Colorado Springs · 4.4% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($364,569) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($340,819 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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