Loan Comparison: 4% vs 6.5%
6065 Pemberton, Colorado Springs, CO 80919 · 3bd/2ba · $445,000
List Price
$445,000
Assumable Rate
4%
Remaining Balance
$385,320
Equity Gap
$89,832
Loan Type
VAAdjust Your Scenario
$22,250
$22,250$89,832
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4% (VA)
Blended Rate: 4.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,672/moAssumable @ 4% + gap loan
$2,359/moAssumed loan: $1,840/mo
Gap financing: $520/mo
$313less per month with the assumable
Your Savings on This Property
6065 Pemberton, Colorado Springs · 4% VA vs 6.5% conventional
$313
per month
$3,754
per year
$112,624
over 30 years
$142,776
interest saved
How gap financing works: The equity gap ($89,832) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,250, 5% of purchase price) and a second mortgage for the rest ($67,582 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 6065 Pemberton.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.