Loan Comparison: 3.07% vs 6.5%
8443 Grand Carriage, Colorado Springs, CO 80920 · 3bd/3ba · $550,000
List Price
$550,000
Assumable Rate
3.07%
Remaining Balance
$344,985
Equity Gap
$252,015
Loan Type
FHAAdjust Your Scenario
$27,500
$27,500$252,015
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (FHA)
Blended Rate: 5.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 3.07% + gap loan
$3,194/moAssumed loan: $1,468/mo
Gap financing: $1,726/mo
$109less per month with the assumable
Your Savings on This Property
8443 Grand Carriage, Colorado Springs · 3.07% FHA vs 6.5% conventional
$109
per month
$1,304
per year
$39,133
over 30 years
$86,133
interest saved
How gap financing works: The equity gap ($252,015) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($224,515 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 8443 Grand Carriage.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.