Loan Comparison: 5.1% vs 6.5%
2961 Namib, Colorado Springs, CO 80939 · 5bd/4ba · $435,000
List Price
$435,000
Assumable Rate
5.1%
Remaining Balance
$392,068
Equity Gap
$426,536
Loan Type
VAAdjust Your Scenario
$21,750
$21,750$426,536
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.1% (VA)
Blended Rate: 6.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,612/moAssumable @ 5.1% + gap loan
$5,241/moAssumed loan: $2,129/mo
Gap financing: $3,112/mo
Your Savings on This Property
2961 Namib, Colorado Springs · 5.1% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($426,536) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,750, 5% of purchase price) and a second mortgage for the rest ($404,786 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 2961 Namib.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.