Loan Comparison: 3.77% vs 6.5%
1239 Suncrest, Colorado Springs, CO 80906 · 4bd/3ba · $510,000
List Price
$510,000
Assumable Rate
3.77%
Remaining Balance
$296,233
Equity Gap
$213,767
Loan Type
VAAdjust Your Scenario
$25,500
$25,500$213,767
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.77% (VA)
Blended Rate: 5.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,062/moAssumable @ 3.77% + gap loan
$2,823/moAssumed loan: $1,375/mo
Gap financing: $1,448/mo
$239less per month with the assumable
Your Savings on This Property
1239 Suncrest, Colorado Springs · 3.77% VA vs 6.5% conventional
$239
per month
$2,874
per year
$86,218
over 30 years
$86,218
interest saved
How gap financing works: The equity gap ($213,767) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,500, 5% of purchase price) and a second mortgage for the rest ($188,267 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 1239 Suncrest.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.