Loan Comparison: 5.23% vs 6.5%
7801 Dry Willow, Colorado Springs, CO 80908 · 4bd/4ba · $579,900
List Price
$579,900
Assumable Rate
5.23%
Remaining Balance
$478,701
Equity Gap
$101,198
Loan Type
VAAdjust Your Scenario
$28,995
$28,995$101,198
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.23% (VA)
Blended Rate: 5.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,482/moAssumable @ 5.23% + gap loan
$3,193/moAssumed loan: $2,637/mo
Gap financing: $555/mo
$289less per month with the assumable
Your Savings on This Property
7801 Dry Willow, Colorado Springs · 5.23% VA vs 6.5% conventional
$289
per month
$3,473
per year
$104,198
over 30 years
$104,197
interest saved
How gap financing works: The equity gap ($101,198) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,995, 5% of purchase price) and a second mortgage for the rest ($72,203 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 7801 Dry Willow.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.