Loan Comparison: 2.96% vs 6.5%
1604 Rosemont, Colorado Springs, CO 80911 · 4bd/2ba · $360,000
List Price
$360,000
Assumable Rate
2.96%
Remaining Balance
$307,870
Equity Gap
$52,129
Loan Type
VAAdjust Your Scenario
$18,000
$18,000$52,129
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (VA)
Blended Rate: 3.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,162/moAssumable @ 2.96% + gap loan
$1,554/moAssumed loan: $1,291/mo
Gap financing: $262/mo
$608less per month with the assumable
Your Savings on This Property
1604 Rosemont, Colorado Springs · 2.96% VA vs 6.5% conventional
$608
per month
$7,295
per year
$218,840
over 30 years
$218,839
interest saved
How gap financing works: The equity gap ($52,129) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,000, 5% of purchase price) and a second mortgage for the rest ($34,129 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 1604 Rosemont.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.