Loan Comparison: 4.76% vs 6.5%
1425 Diamond Rim, Colorado Springs, CO 80921 · 4bd/4ba · $599,900
List Price
$599,900
Assumable Rate
4.76%
Remaining Balance
$259,320
Equity Gap
$440,580
Loan Type
FHAAdjust Your Scenario
$29,995
$29,995$440,580
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.76% (FHA)
Blended Rate: 7.05%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,602/moAssumable @ 4.76% + gap loan
$4,511/moAssumed loan: $1,354/mo
Gap financing: $3,157/mo
Your Savings on This Property
1425 Diamond Rim, Colorado Springs · 4.76% 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 ($440,580) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,995, 5% of purchase price) and a second mortgage for the rest ($410,585 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 1425 Diamond Rim.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.