Loan Comparison: 5.41% vs 6.5%
8317 Chasewood, Colorado Springs, CO 80908 · 4bd/4ba · $549,900
List Price
$549,900
Assumable Rate
5.41%
Remaining Balance
$507,492
Equity Gap
$160,365
Loan Type
FHAAdjust Your Scenario
$27,495
$27,495$160,365
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (FHA)
Blended Rate: 6.05%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,302/moAssumable @ 5.41% + gap loan
$3,875/moAssumed loan: $2,853/mo
Gap financing: $1,022/mo
Your Savings on This Property
8317 Chasewood, Colorado Springs · 5.41% 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 ($160,365) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,495, 5% of purchase price) and a second mortgage for the rest ($132,870 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 8317 Chasewood.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.