Loan Comparison: 5.7% vs 6.5%
7659 Marmot Point, Colorado Springs, CO 80922 · 4bd/3ba · $214,000
List Price
$214,000
Assumable Rate
5.7%
Remaining Balance
$199,418
Equity Gap
$14,581
Loan Type
FHAAdjust Your Scenario
$10,700
$10,700$14,581
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.7% (FHA)
Blended Rate: 5.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,285/moAssumable @ 5.7% + gap loan
$1,185/moAssumed loan: $1,157/mo
Gap financing: $27/mo
$100less per month with the assumable
Your Savings on This Property
7659 Marmot Point, Colorado Springs · 5.7% FHA vs 6.5% conventional
$100
per month
$1,205
per year
$36,157
over 30 years
$36,156
interest saved
How gap financing works: The equity gap ($14,581) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($10,700, 5% of purchase price) and a second mortgage for the rest ($3,881 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 7659 Marmot Point.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.