Loan Comparison: 6.81% vs 6.5%
1915 Sussex Lane, Colorado Springs, CO 80909 · 3bd/2ba · $369,900
List Price
$369,900
Assumable Rate
6.81%
Remaining Balance
$247,004
Equity Gap
$122,896
Loan Type
FHAAdjust Your Scenario
$18,495
$18,495$122,896
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.81% (FHA)
Blended Rate: 7.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,221/moAssumable @ 6.81% + gap loan
$2,342/moAssumed loan: $1,612/mo
Gap financing: $730/mo
Your Savings on This Property
1915 Sussex Lane, Colorado Springs · 6.81% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($122,896) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,495, 5% of purchase price) and a second mortgage for the rest ($104,401 at 7.5%). 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 1915 Sussex Lane.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.