Loan Comparison: 3.06% vs 6.5%
9144 Baltin, Colorado Springs, CO 80927 · 3bd/3ba · $398,000
List Price
$398,000
Assumable Rate
3.06%
Remaining Balance
$301,706
Equity Gap
$93,653
Loan Type
FHAAdjust Your Scenario
$19,900
$19,900$93,653
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (FHA)
Blended Rate: 4.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,390/moAssumable @ 3.06% + gap loan
$1,849/moAssumed loan: $1,282/mo
Gap financing: $567/mo
$541less per month with the assumable
Your Savings on This Property
9144 Baltin, Colorado Springs · 3.06% FHA vs 6.5% conventional
$541
per month
$6,492
per year
$194,747
over 30 years
$192,106
interest saved
How gap financing works: The equity gap ($93,653) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,900, 5% of purchase price) and a second mortgage for the rest ($73,753 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 9144 Baltin.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.