Loan Comparison: 4.48% vs 6.5%
4173 Captain Jack, Colorado Springs, CO 80924 · 4bd/3ba · $690,000
List Price
$690,000
Assumable Rate
4.48%
Remaining Balance
$623,316
Equity Gap
$65,641
Loan Type
VAAdjust Your Scenario
$34,500
$34,500$65,641
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.48% (VA)
Blended Rate: 4.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,143/moAssumable @ 4.48% + gap loan
$3,390/moAssumed loan: $3,151/mo
Gap financing: $239/mo
$753less per month with the assumable
Your Savings on This Property
4173 Captain Jack, Colorado Springs · 4.48% VA vs 6.5% conventional
$753
per month
$9,035
per year
$271,048
over 30 years
$270,005
interest saved
How gap financing works: The equity gap ($65,641) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,500, 5% of purchase price) and a second mortgage for the rest ($31,141 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 4173 Captain Jack.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.