Loan Comparison: 3.21% vs 6.5%
2328 Margaux Valley, Colorado Springs, CO 80921 · 3bd/3ba · $1,199,000
List Price
$1,199,000
Assumable Rate
3.21%
Remaining Balance
$325,494
Equity Gap
$947,274
Loan Type
VAAdjust Your Scenario
$59,950
$59,950$947,274
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.21% (VA)
Blended Rate: 7.08%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,200/moAssumable @ 3.21% + gap loan
$8,232/moAssumed loan: $1,409/mo
Gap financing: $6,823/mo
Your Savings on This Property
2328 Margaux Valley, Colorado Springs · 3.21% 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 ($947,274) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($59,950, 5% of purchase price) and a second mortgage for the rest ($887,324 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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