Loan Comparison: 3.62% vs 6.5%
7578 Sun Prairie, Colorado Springs, CO 80925 · 4bd/3ba · $445,000
List Price
$445,000
Assumable Rate
3.62%
Remaining Balance
$285,194
Equity Gap
$160,452
Loan Type
VAAdjust Your Scenario
$22,250
$22,250$160,452
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.62% (VA)
Blended Rate: 5.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,672/moAssumable @ 3.62% + gap loan
$2,362/moAssumed loan: $1,300/mo
Gap financing: $1,063/mo
$310less per month with the assumable
Your Savings on This Property
7578 Sun Prairie, Colorado Springs · 3.62% VA vs 6.5% conventional
$310
per month
$3,715
per year
$111,451
over 30 years
$112,097
interest saved
How gap financing works: The equity gap ($160,452) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,250, 5% of purchase price) and a second mortgage for the rest ($138,202 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 7578 Sun Prairie.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.