Loan Comparison: 2.74% vs 6.5%
8375 Lupan, Colorado Springs, CO 80951 · 4bd/4ba · $480,000
List Price
$480,000
Assumable Rate
2.74%
Remaining Balance
$352,787
Equity Gap
$154,213
Loan Type
FHAAdjust Your Scenario
$24,000
$24,000$154,213
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.74% (FHA)
Blended Rate: 4.29%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,882/moAssumable @ 2.74% + gap loan
$2,440/moAssumed loan: $1,438/mo
Gap financing: $1,001/mo
$443less per month with the assumable
Your Savings on This Property
8375 Lupan, Colorado Springs · 2.74% FHA vs 6.5% conventional
$443
per month
$5,312
per year
$159,354
over 30 years
$186,354
interest saved
How gap financing works: The equity gap ($154,213) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,000, 5% of purchase price) and a second mortgage for the rest ($130,213 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 8375 Lupan.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.