Loan Comparison: 2.68% vs 6.5%
2143 Shady Aspen, Colorado Springs, CO 80921 · 3bd/3ba · $415,000
List Price
$415,000
Assumable Rate
2.68%
Remaining Balance
$313,269
Equity Gap
$101,730
Loan Type
FHAAdjust Your Scenario
$20,750
$20,750$101,730
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (FHA)
Blended Rate: 3.88%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,492/moAssumable @ 2.68% + gap loan
$1,890/moAssumed loan: $1,267/mo
Gap financing: $623/mo
$602less per month with the assumable
Your Savings on This Property
2143 Shady Aspen, Colorado Springs · 2.68% FHA vs 6.5% conventional
$602
per month
$7,223
per year
$216,704
over 30 years
$216,703
interest saved
How gap financing works: The equity gap ($101,730) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,750, 5% of purchase price) and a second mortgage for the rest ($80,980 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 2143 Shady Aspen.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.