Loan Comparison: 3.31% vs 6.5%
4783 Bridle Pass, Colorado Springs, CO 80923 · 4bd/3ba · $454,950
List Price
$454,950
Assumable Rate
3.31%
Remaining Balance
$293,780
Equity Gap
$196,748
Loan Type
FHAAdjust Your Scenario
$22,748
$22,748$196,748
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.31% (FHA)
Blended Rate: 5.24%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,732/moAssumable @ 3.31% + gap loan
$2,626/moAssumed loan: $1,288/mo
Gap financing: $1,338/mo
$106less per month with the assumable
Your Savings on This Property
4783 Bridle Pass, Colorado Springs · 3.31% FHA vs 6.5% conventional
$106
per month
$1,268
per year
$38,038
over 30 years
$73,615
interest saved
How gap financing works: The equity gap ($196,748) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,748, 5% of purchase price) and a second mortgage for the rest ($174,000 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 4783 Bridle Pass.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.