Loan Comparison: 5.41% vs 6.5%
5047 Baseline, Colorado Springs, CO 80920 · 3bd/3ba · $430,000
List Price
$430,000
Assumable Rate
5.41%
Remaining Balance
$405,213
Equity Gap
$41,084
Loan Type
FHAAdjust Your Scenario
$21,500
$21,500$41,084
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (FHA)
Blended Rate: 5.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 5.41% + gap loan
$2,429/moAssumed loan: $2,278/mo
Gap financing: $151/mo
$153less per month with the assumable
Your Savings on This Property
5047 Baseline, Colorado Springs · 5.41% FHA vs 6.5% conventional
$153
per month
$1,842
per year
$55,256
over 30 years
$71,553
interest saved
How gap financing works: The equity gap ($41,084) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,500, 5% of purchase price) and a second mortgage for the rest ($19,584 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 5047 Baseline.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.