Loan Comparison: 3.76% vs 6.5%
6868 Alsea Drive, Colorado Springs, CO 80925 ยท 6bd/5ba ยท $435,000
List Price
$435,000
Assumable Rate
3.76%
Remaining Balance
$416,351
Equity Gap
$18,648
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($18,648) is less than 5% of the purchase price ($21,750). Your down payment covers the full gap with no second mortgage required.
Down Payment
$18,648
Effective Rate
3.76%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,612/moAssumable @ 3.76%
$1,931/mo$681less per month with the assumable
Your Savings on This Property
6868 Alsea Drive, Colorado Springs ยท 3.76% FHA vs 6.5% conventional
$681
per month
$8,178
per year
$245,330
over 30 years
$248,431
interest saved
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