Loan Comparison: 3.61% vs 6.5%
1321 Soaring Eagle, Colorado Springs, CO 80915 · 2bd/2ba · $169,999
List Price
$169,999
Assumable Rate
3.61%
Remaining Balance
$142,992
Equity Gap
$27,006
Loan Type
FHAAdjust Your Scenario
$8,500
$8,500$27,006
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.61% (FHA)
Blended Rate: 4.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,021/moAssumable @ 3.61% + gap loan
$793/moAssumed loan: $651/mo
Gap financing: $142/mo
$228less per month with the assumable
Your Savings on This Property
1321 Soaring Eagle, Colorado Springs · 3.61% FHA vs 6.5% conventional
$228
per month
$2,731
per year
$81,928
over 30 years
$81,927
interest saved
How gap financing works: The equity gap ($27,006) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($8,500, 5% of purchase price) and a second mortgage for the rest ($18,506 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 1321 Soaring Eagle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.