Loan Comparison: 4.92% vs 6.5%
6463 Rolling Creek, Colorado Springs, CO 80924 · 4bd/3ba · $659,000
List Price
$659,000
Assumable Rate
4.92%
Remaining Balance
$617,379
Equity Gap
$41,621
Loan Type
VAAdjust Your Scenario
$32,950
$32,950$41,621
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.92% (VA)
Blended Rate: 4.97%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,957/moAssumable @ 4.92% + gap loan
$3,351/moAssumed loan: $3,284/mo
Gap financing: $67/mo
$606less per month with the assumable
Your Savings on This Property
6463 Rolling Creek, Colorado Springs · 4.92% VA vs 6.5% conventional
$606
per month
$7,275
per year
$218,263
over 30 years
$218,263
interest saved
How gap financing works: The equity gap ($41,621) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,950, 5% of purchase price) and a second mortgage for the rest ($8,671 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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