Loan Comparison: 3.81% vs 6.5%
4530 Sierra Rica, Colorado Springs, CO 80911 · 5bd/4ba · $484,999
List Price
$484,999
Assumable Rate
3.81%
Remaining Balance
$252,044
Equity Gap
$316,155
Loan Type
VAAdjust Your Scenario
$24,250
$24,250$316,155
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.81% (VA)
Blended Rate: 6.33%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,912/moAssumable @ 3.81% + gap loan
$3,420/moAssumed loan: $1,176/mo
Gap financing: $2,244/mo
Your Savings on This Property
4530 Sierra Rica, Colorado Springs · 3.81% 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 ($316,155) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,250, 5% of purchase price) and a second mortgage for the rest ($291,905 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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