Loan Comparison: 3.69% vs 6.5%
10604 Deer Meadow, Colorado Springs, CO 80925 · 5bd/4ba · $520,000
List Price
$520,000
Assumable Rate
3.69%
Remaining Balance
$195,803
Equity Gap
$319,887
Loan Type
FHAAdjust Your Scenario
$26,000
$26,000$319,887
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (FHA)
Blended Rate: 6.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 3.69% + gap loan
$3,160/moAssumed loan: $900/mo
Gap financing: $2,260/mo
Your Savings on This Property
10604 Deer Meadow, Colorado Springs · 3.69% 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 ($319,887) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($293,887 at 8.5%). 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 10604 Deer Meadow.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.