Loan Comparison: 2.375% vs 6.5%
3321 Macgregor, Colorado Springs, CO 80922 · 4bd/3ba · $475,000
List Price
$475,000
Assumable Rate
2.375%
Remaining Balance
$187,554
Equity Gap
$295,154
Loan Type
FHAAdjust Your Scenario
$23,750
$23,750$295,154
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.375% (FHA)
Blended Rate: 6.00%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,852/moAssumable @ 2.375% + gap loan
$2,816/moAssumed loan: $729/mo
Gap financing: $2,087/mo
$36less per month with the assumable
Your Savings on This Property
3321 Macgregor, Colorado Springs · 2.375% FHA vs 6.5% conventional
$36
per month
$437
per year
$13,108
over 30 years
$20,816
interest saved
How gap financing works: The equity gap ($295,154) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,750, 5% of purchase price) and a second mortgage for the rest ($271,404 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 3321 Macgregor.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.