Loan Comparison: 3.35% vs 6.5%
19679 Glen Shadows, Colorado Springs, CO 80908 · 5bd/5ba · $1,200,000
List Price
$1,200,000
Assumable Rate
3.35%
Remaining Balance
$810,682
Equity Gap
$389,317
Loan Type
VAAdjust Your Scenario
$60,000
$60,000$389,317
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.35% (VA)
Blended Rate: 4.84%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,206/moAssumable @ 3.35% + gap loan
$6,105/moAssumed loan: $3,573/mo
Gap financing: $2,532/mo
$1,101less per month with the assumable
Your Savings on This Property
19679 Glen Shadows, Colorado Springs · 3.35% VA vs 6.5% conventional
$1,101
per month
$13,208
per year
$396,226
over 30 years
$396,225
interest saved
How gap financing works: The equity gap ($389,317) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($60,000, 5% of purchase price) and a second mortgage for the rest ($329,317 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 19679 Glen Shadows.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.