Loan Comparison: 2.87% vs 6.5%
6585 Baytree Grove, Colorado Springs, CO 80923 · 4bd/4ba · $335,000
List Price
$335,000
Assumable Rate
2.87%
Remaining Balance
$17,916
Equity Gap
$317,083
Loan Type
FHAAdjust Your Scenario
$16,750
$16,750$317,083
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.87% (FHA)
Blended Rate: 7.24%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,012/moAssumable @ 2.87% + gap loan
$2,174/moAssumed loan: $74/mo
Gap financing: $2,100/mo
Your Savings on This Property
6585 Baytree Grove, Colorado Springs · 2.87% 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 ($317,083) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,750, 5% of purchase price) and a second mortgage for the rest ($300,333 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 6585 Baytree Grove.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.