Loan Comparison: 3.72% vs 6.5%
4119 Palmer Park Boulevard, Colorado Springs, CO 80909 · 0bd/0ba · $365,500
List Price
$365,500
Assumable Rate
3.72%
Remaining Balance
$243,051
Equity Gap
$122,448
Loan Type
FHAAdjust Your Scenario
$18,275
$18,275$122,448
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (FHA)
Blended Rate: 4.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,195/moAssumable @ 3.72% + gap loan
$1,850/moAssumed loan: $1,121/mo
Gap financing: $728/mo
$345less per month with the assumable
Your Savings on This Property
4119 Palmer Park Boulevard, Colorado Springs · 3.72% FHA vs 6.5% conventional
$345
per month
$4,138
per year
$124,139
over 30 years
$124,138
interest saved
How gap financing works: The equity gap ($122,448) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,275, 5% of purchase price) and a second mortgage for the rest ($104,173 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 4119 Palmer Park Boulevard.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.