Loan Comparison: 3.89% vs 6.5%
3041 Namib Drive, Colorado Springs, CO 80939 · 3bd/2ba · $500,000
List Price
$500,000
Assumable Rate
3.89%
Remaining Balance
$498,777
Equity Gap
$1,223
Loan Type
VANo Secondary Financing Needed
The equity gap on this property ($1,223) is less than 5% of the purchase price ($25,000). Your down payment covers the full gap with no second mortgage required.
Down Payment
$1,223
Effective Rate
3.89%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.89%
$2,350/mo$653less per month with the assumable
Your Savings on This Property
3041 Namib Drive, Colorado Springs · 3.89% VA vs 6.5% conventional
$653
per month
$7,831
per year
$234,939
over 30 years
$258,716
interest saved
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