Loan Comparison: 2.77% vs 6.5%
4571 Sunnyhill, Colorado Springs, CO 80916 · 3bd/4ba · $387,000
List Price
$387,000
Assumable Rate
2.77%
Remaining Balance
$273,929
Equity Gap
$112,423
Loan Type
VAAdjust Your Scenario
$19,350
$19,350$112,423
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 4.22%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,324/moAssumable @ 2.77% + gap loan
$1,837/moAssumed loan: $1,121/mo
Gap financing: $716/mo
$487less per month with the assumable
Your Savings on This Property
4571 Sunnyhill, Colorado Springs · 2.77% VA vs 6.5% conventional
$487
per month
$5,843
per year
$175,303
over 30 years
$174,655
interest saved
How gap financing works: The equity gap ($112,423) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,350, 5% of purchase price) and a second mortgage for the rest ($93,073 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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