Loan Comparison: 2.94% vs 6.5%
8337 Telegraph, Colorado Springs, CO 80920 · 3bd/3ba · $400,000
List Price
$400,000
Assumable Rate
2.94%
Remaining Balance
$150,919
Equity Gap
$113,209
Loan Type
FHAAdjust Your Scenario
$20,000
$20,000$113,209
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (FHA)
Blended Rate: 5.06%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 2.94% + gap loan
$1,348/moAssumed loan: $631/mo
Gap financing: $717/mo
$1,054less per month with the assumable
Your Savings on This Property
8337 Telegraph, Colorado Springs · 2.94% FHA vs 6.5% conventional
$1,054
per month
$12,645
per year
$379,352
over 30 years
$243,480
interest saved
How gap financing works: The equity gap ($113,209) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($93,209 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 8337 Telegraph.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.