Loan Comparison: 5.68% vs 6.5%
6770 Eagle Mountain, Manitou Springs, CO 80829 · 4bd/3ba · $965,000
List Price
$965,000
Assumable Rate
5.68%
Remaining Balance
$596,428
Equity Gap
$367,862
Loan Type
VAAdjust Your Scenario
$48,250
$48,250$367,862
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.68% (VA)
Blended Rate: 6.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,794/moAssumable @ 5.68% + gap loan
$5,912/moAssumed loan: $3,454/mo
Gap financing: $2,458/mo
Your Savings on This Property
6770 Eagle Mountain, Manitou Springs · 5.68% 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 ($367,862) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($48,250, 5% of purchase price) and a second mortgage for the rest ($319,612 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 6770 Eagle Mountain.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.