Loan Comparison: 3.46% vs 6.5%
4245 Autumn Heights, Colorado Springs, CO 80906 · 1bd/1ba · $290,000
List Price
$290,000
Assumable Rate
3.46%
Remaining Balance
$94,652
Equity Gap
$195,348
Loan Type
VAAdjust Your Scenario
$14,500
$14,500$195,348
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.46% (VA)
Blended Rate: 6.77%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,741/moAssumable @ 3.46% + gap loan
$1,813/moAssumed loan: $423/mo
Gap financing: $1,391/mo
Your Savings on This Property
4245 Autumn Heights, Colorado Springs · 3.46% 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 ($195,348) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,500, 5% of purchase price) and a second mortgage for the rest ($180,848 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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