Loan Comparison: 4.03% vs 6.5%
4831 Trailmark Loop, Colorado Springs, CO 80916 · 3bd/2ba · $364,000
List Price
$364,000
Assumable Rate
4.03%
Remaining Balance
$176,831
Equity Gap
$187,168
Loan Type
FHAAdjust Your Scenario
$18,200
$18,200$187,168
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.03% (FHA)
Blended Rate: 5.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,186/moAssumable @ 4.03% + gap loan
$2,029/moAssumed loan: $847/mo
Gap financing: $1,181/mo
$157less per month with the assumable
Your Savings on This Property
4831 Trailmark Loop, Colorado Springs · 4.03% FHA vs 6.5% conventional
$157
per month
$1,884
per year
$56,507
over 30 years
$56,506
interest saved
How gap financing works: The equity gap ($187,168) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,200, 5% of purchase price) and a second mortgage for the rest ($168,968 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.
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