Loan Comparison: 4.57% vs 6.5%
6382 Zermatt, Colorado Springs, CO 80915 · 3bd/3ba · $416,000
List Price
$416,000
Assumable Rate
4.57%
Remaining Balance
$223,964
Equity Gap
$192,036
Loan Type
FHAAdjust Your Scenario
$20,800
$20,800$192,036
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.57% (FHA)
Blended Rate: 6.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,498/moAssumable @ 4.57% + gap loan
$2,461/moAssumed loan: $1,144/mo
Gap financing: $1,317/mo
$37less per month with the assumable
Your Savings on This Property
6382 Zermatt, Colorado Springs · 4.57% FHA vs 6.5% conventional
$37
per month
$446
per year
$13,374
over 30 years
$13,374
interest saved
How gap financing works: The equity gap ($192,036) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,800, 5% of purchase price) and a second mortgage for the rest ($171,236 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 6382 Zermatt.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.