Loan Comparison: 2.66% vs 6.5%
3930 Regency, Colorado Springs, CO 80906 · 5bd/4ba · $900,000
List Price
$900,000
Assumable Rate
2.66%
Remaining Balance
$428,574
Equity Gap
$471,426
Loan Type
VAAdjust Your Scenario
$45,000
$45,000$471,426
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.66% (VA)
Blended Rate: 5.57%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,404/moAssumable @ 2.66% + gap loan
$5,008/moAssumed loan: $1,729/mo
Gap financing: $3,279/mo
$396less per month with the assumable
Your Savings on This Property
3930 Regency, Colorado Springs · 2.66% VA vs 6.5% conventional
$396
per month
$4,753
per year
$142,590
over 30 years
$142,590
interest saved
How gap financing works: The equity gap ($471,426) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($45,000, 5% of purchase price) and a second mortgage for the rest ($426,426 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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