Loan Comparison: 4.25% vs 6.5%
7210 Omaha, Colorado Springs, CO 80915 · 3bd/1ba · $330,000
List Price
$330,000
Assumable Rate
4.25%
Remaining Balance
$277,922
Equity Gap
$52,078
Loan Type
FHAAdjust Your Scenario
$16,500
$16,500$52,078
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.25% (FHA)
Blended Rate: 4.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,982/moAssumable @ 4.25% + gap loan
$1,641/moAssumed loan: $1,367/mo
Gap financing: $274/mo
$341less per month with the assumable
Your Savings on This Property
7210 Omaha, Colorado Springs · 4.25% FHA vs 6.5% conventional
$341
per month
$4,089
per year
$122,674
over 30 years
$122,674
interest saved
How gap financing works: The equity gap ($52,078) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,500, 5% of purchase price) and a second mortgage for the rest ($35,578 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 7210 Omaha.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.