Loan Comparison: 3.07% vs 6.5%
5944 Huerfano, Colorado Springs, CO 80923 · 5bd/4ba · $529,999
List Price
$529,999
Assumable Rate
3.07%
Remaining Balance
$389,505
Equity Gap
$141,326
Loan Type
VAAdjust Your Scenario
$26,500
$26,500$141,326
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 4.31%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,182/moAssumable @ 3.07% + gap loan
$2,540/moAssumed loan: $1,657/mo
Gap financing: $883/mo
$643less per month with the assumable
Your Savings on This Property
5944 Huerfano, Colorado Springs · 3.07% VA vs 6.5% conventional
$643
per month
$7,712
per year
$231,348
over 30 years
$232,180
interest saved
How gap financing works: The equity gap ($141,326) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,500, 5% of purchase price) and a second mortgage for the rest ($114,826 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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