Loan Comparison: 2.83% vs 6.5%
1013 Arcadia, Colorado Springs, CO 80903 · 2bd/1ba · $400,000
List Price
$400,000
Assumable Rate
2.83%
Remaining Balance
$209,948
Equity Gap
$189,557
Loan Type
VAAdjust Your Scenario
$20,000
$20,000$189,557
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 5.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 2.83% + gap loan
$2,170/moAssumed loan: $866/mo
Gap financing: $1,304/mo
$232less per month with the assumable
Your Savings on This Property
1013 Arcadia, Colorado Springs · 2.83% VA vs 6.5% conventional
$232
per month
$2,785
per year
$83,554
over 30 years
$83,059
interest saved
How gap financing works: The equity gap ($189,557) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($169,557 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 1013 Arcadia.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.