Loan Comparison: 3.08% vs 6.5%
3112 Vail Pass, Colorado Springs, CO 80917 · 2bd/2ba · $239,900
List Price
$239,900
Assumable Rate
3.08%
Remaining Balance
$250,627
Equity Gap
$39,273
Loan Type
FHAAdjust Your Scenario
$11,995
$11,995$39,273
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (FHA)
Blended Rate: 3.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,441/moAssumable @ 3.08% + gap loan
$1,277/moAssumed loan: $1,067/mo
Gap financing: $210/mo
$163less per month with the assumable
Your Savings on This Property
3112 Vail Pass, Colorado Springs · 3.08% FHA vs 6.5% conventional
$163
per month
$1,959
per year
$58,778
over 30 years
$108,778
interest saved
How gap financing works: The equity gap ($39,273) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,995, 5% of purchase price) and a second mortgage for the rest ($27,278 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 3112 Vail Pass.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.