Loan Comparison: 3.43% vs 6.5%
3515 Queen Anne Way, Colorado Springs, CO 80917 · 2bd/1ba · $241,000
List Price
$241,000
Assumable Rate
3.43%
Remaining Balance
$99,154
Equity Gap
$141,846
Loan Type
FHAAdjust Your Scenario
$12,050
$12,050$141,846
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.43% (FHA)
Blended Rate: 5.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,447/moAssumable @ 3.43% + gap loan
$1,349/moAssumed loan: $441/mo
Gap financing: $908/mo
$98less per month with the assumable
Your Savings on This Property
3515 Queen Anne Way, Colorado Springs · 3.43% FHA vs 6.5% conventional
$98
per month
$1,178
per year
$35,347
over 30 years
$35,347
interest saved
How gap financing works: The equity gap ($141,846) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,050, 5% of purchase price) and a second mortgage for the rest ($129,796 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 3515 Queen Anne Way.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.