Loan Comparison: 5.41% vs 6.5%
140 Wild Grass, Colorado Springs, CO 80919 · 3bd/3ba · $535,000
List Price
$535,000
Assumable Rate
5.41%
Remaining Balance
$442,120
Equity Gap
$92,245
Loan Type
FHAAdjust Your Scenario
$26,750
$26,750$92,245
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (FHA)
Blended Rate: 5.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,212/moAssumable @ 5.41% + gap loan
$2,989/moAssumed loan: $2,485/mo
Gap financing: $504/mo
$223less per month with the assumable
Your Savings on This Property
140 Wild Grass, Colorado Springs · 5.41% FHA vs 6.5% conventional
$223
per month
$2,682
per year
$80,455
over 30 years
$79,820
interest saved
How gap financing works: The equity gap ($92,245) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,750, 5% of purchase price) and a second mortgage for the rest ($65,495 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 140 Wild Grass.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.