Loan Comparison: 5.23% vs 6.5%
3640 Trailspur, Colorado Springs, CO 80906 · 3bd/3ba · $499,000
List Price
$499,000
Assumable Rate
5.23%
Remaining Balance
$375,096
Equity Gap
$123,904
Loan Type
VAAdjust Your Scenario
$24,950
$24,950$123,904
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.23% (VA)
Blended Rate: 5.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,996/moAssumable @ 5.23% + gap loan
$2,828/moAssumed loan: $2,067/mo
Gap financing: $761/mo
$169less per month with the assumable
Your Savings on This Property
3640 Trailspur, Colorado Springs · 5.23% VA vs 6.5% conventional
$169
per month
$2,026
per year
$60,767
over 30 years
$60,767
interest saved
How gap financing works: The equity gap ($123,904) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,950, 5% of purchase price) and a second mortgage for the rest ($98,954 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 3640 Trailspur.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.