Loan Comparison: 4.03% vs 6.5%
4118 Heathmoor, Colorado Springs, CO 80922 · 4bd/4ba · $455,000
List Price
$455,000
Assumable Rate
4.03%
Remaining Balance
$273,670
Equity Gap
$181,330
Loan Type
VAAdjust Your Scenario
$22,750
$22,750$181,330
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.03% (VA)
Blended Rate: 5.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,732/moAssumable @ 4.03% + gap loan
$2,531/moAssumed loan: $1,311/mo
Gap financing: $1,219/mo
$201less per month with the assumable
Your Savings on This Property
4118 Heathmoor, Colorado Springs · 4.03% VA vs 6.5% conventional
$201
per month
$2,418
per year
$72,537
over 30 years
$72,537
interest saved
How gap financing works: The equity gap ($181,330) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,750, 5% of purchase price) and a second mortgage for the rest ($158,580 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 4118 Heathmoor.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.