Loan Comparison: 3.07% vs 6.5%
2409 Robinson, Colorado Springs, CO 80904 · 3bd/2ba · $454,900
List Price
$454,900
Assumable Rate
3.07%
Remaining Balance
$295,929
Equity Gap
$157,092
Loan Type
FHAAdjust Your Scenario
$22,745
$22,745$157,092
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (FHA)
Blended Rate: 4.77%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,732/moAssumable @ 3.07% + gap loan
$2,292/moAssumed loan: $1,259/mo
Gap financing: $1,033/mo
$440less per month with the assumable
Your Savings on This Property
2409 Robinson, Colorado Springs · 3.07% FHA vs 6.5% conventional
$440
per month
$5,276
per year
$158,275
over 30 years
$156,396
interest saved
How gap financing works: The equity gap ($157,092) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,745, 5% of purchase price) and a second mortgage for the rest ($134,347 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 2409 Robinson.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.