Loan Comparison: 3.6% vs 6.5%
2140 Crystal River, Colorado Springs, CO 80915 · 3bd/3ba · $387,500
List Price
$387,500
Assumable Rate
3.6%
Remaining Balance
$576,730
Equity Gap
$117,090
Loan Type
VAAdjust Your Scenario
$19,375
$19,375$117,090
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.6% (VA)
Blended Rate: 4.31%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,327/moAssumable @ 3.6% + gap loan
$3,373/moAssumed loan: $2,622/mo
Gap financing: $751/mo
Your Savings on This Property
2140 Crystal River, Colorado Springs · 3.6% 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 ($117,090) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,375, 5% of purchase price) and a second mortgage for the rest ($97,715 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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