Loan Comparison: 2.74% vs 6.5%
4035 Stonebridge, Colorado Springs, CO 80904 · 4bd/4ba · $964,900
List Price
$964,900
Assumable Rate
2.74%
Remaining Balance
$439,304
Equity Gap
$525,596
Loan Type
VAAdjust Your Scenario
$48,245
$48,245$525,596
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (VA)
Blended Rate: 5.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,794/moAssumable @ 2.74% + gap loan
$5,462/moAssumed loan: $1,791/mo
Gap financing: $3,670/mo
$332less per month with the assumable
Your Savings on This Property
4035 Stonebridge, Colorado Springs · 2.74% VA vs 6.5% conventional
$332
per month
$3,988
per year
$119,654
over 30 years
$119,654
interest saved
How gap financing works: The equity gap ($525,596) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($48,245, 5% of purchase price) and a second mortgage for the rest ($477,351 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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