Loan Comparison: 4% vs 6.5%
4733 Aria, Colorado Springs, CO 80906 · 4bd/3ba · $600,000
List Price
$600,000
Assumable Rate
4%
Remaining Balance
$500,000
Equity Gap
$288,425
Loan Type
VAAdjust Your Scenario
$30,000
$30,000$288,425
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4% (VA)
Blended Rate: 5.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 4% + gap loan
$4,374/moAssumed loan: $2,387/mo
Gap financing: $1,987/mo
Your Savings on This Property
4733 Aria, Colorado Springs · 4% 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 ($288,425) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($258,425 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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