Loan Comparison: 4.17% vs 6.5%
2653 Deliverance, Colorado Springs, CO 80918 · 4bd/3ba · $365,000
List Price
$365,000
Assumable Rate
4.17%
Remaining Balance
$211,947
Equity Gap
$177,720
Loan Type
FHAAdjust Your Scenario
$18,250
$18,250$177,720
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (FHA)
Blended Rate: 6.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 4.17% + gap loan
$2,259/moAssumed loan: $1,033/mo
Gap financing: $1,226/mo
Your Savings on This Property
2653 Deliverance, Colorado Springs · 4.17% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$461
interest saved
How gap financing works: The equity gap ($177,720) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($159,470 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 2653 Deliverance.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.