Loan Comparison: 3.43% vs 6.5%
5755 Trout Creek Pass, Colorado Springs, CO 80917 · 2bd/1ba · $295,000
List Price
$295,000
Assumable Rate
3.43%
Remaining Balance
$150,773
Equity Gap
$177,545
Loan Type
VAAdjust Your Scenario
$14,750
$14,750$177,545
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.43% (VA)
Blended Rate: 6.06%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,771/moAssumable @ 3.43% + gap loan
$1,923/moAssumed loan: $671/mo
Gap financing: $1,252/mo
Your Savings on This Property
5755 Trout Creek Pass, Colorado Springs · 3.43% 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 ($177,545) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,750, 5% of purchase price) and a second mortgage for the rest ($162,795 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 5755 Trout Creek Pass.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.