Loan Comparison: 2.96% vs 6.5%
7304 Jagged Rock, Colorado Springs, CO 80927 · 4bd/3ba · $595,000
List Price
$595,000
Assumable Rate
2.96%
Remaining Balance
$293,762
Equity Gap
$301,238
Loan Type
VAAdjust Your Scenario
$29,750
$29,750$301,238
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 5.62%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,573/moAssumable @ 2.96% + gap loan
$3,320/moAssumed loan: $1,232/mo
Gap financing: $2,088/mo
$253less per month with the assumable
Your Savings on This Property
7304 Jagged Rock, Colorado Springs · 2.96% VA vs 6.5% conventional
$253
per month
$3,037
per year
$91,106
over 30 years
$91,106
interest saved
How gap financing works: The equity gap ($301,238) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,750, 5% of purchase price) and a second mortgage for the rest ($271,488 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 7304 Jagged Rock.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.