Loan Comparison: 3.46% vs 6.5%
4669 Barnes, Colorado Springs, CO 80917 · 3bd/2ba · $205,000
List Price
$205,000
Assumable Rate
3.46%
Remaining Balance
$63,569
Equity Gap
$141,431
Loan Type
FHAAdjust Your Scenario
$10,250
$10,250$141,431
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.46% (FHA)
Blended Rate: 6.85%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,231/moAssumable @ 3.46% + gap loan
$1,293/moAssumed loan: $284/mo
Gap financing: $1,009/mo
Your Savings on This Property
4669 Barnes, Colorado Springs · 3.46% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($141,431) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($10,250, 5% of purchase price) and a second mortgage for the rest ($131,181 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 4669 Barnes.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.