Loan Comparison: 3.45% vs 6.5%
6943 Cabriolet, Colorado Springs, CO 80923 · 3bd/2ba · $430,000
List Price
$430,000
Assumable Rate
3.45%
Remaining Balance
$197,887
Equity Gap
$232,112
Loan Type
VAAdjust Your Scenario
$21,500
$21,500$232,112
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (VA)
Blended Rate: 6.05%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 3.45% + gap loan
$2,503/moAssumed loan: $883/mo
Gap financing: $1,619/mo
$79less per month with the assumable
Your Savings on This Property
6943 Cabriolet, Colorado Springs · 3.45% VA vs 6.5% conventional
$79
per month
$954
per year
$28,615
over 30 years
$28,614
interest saved
How gap financing works: The equity gap ($232,112) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,500, 5% of purchase price) and a second mortgage for the rest ($210,612 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 6943 Cabriolet.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.