Loan Comparison: 5.54% vs 6.5%
4560 Winthrop, Colorado Springs, CO 80920 · 4bd/4ba · $549,900
List Price
$549,900
Assumable Rate
5.54%
Remaining Balance
$404,566
Equity Gap
$145,334
Loan Type
VAAdjust Your Scenario
$27,495
$27,495$145,334
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.54% (VA)
Blended Rate: 6.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,302/moAssumable @ 5.54% + gap loan
$3,213/moAssumed loan: $2,307/mo
Gap financing: $906/mo
$89less per month with the assumable
Your Savings on This Property
4560 Winthrop, Colorado Springs · 5.54% VA vs 6.5% conventional
$89
per month
$1,064
per year
$31,907
over 30 years
$31,907
interest saved
How gap financing works: The equity gap ($145,334) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,495, 5% of purchase price) and a second mortgage for the rest ($117,839 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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