Loan Comparison: 3.05% vs 6.5%

4426 McGrew Circle, Colorado Springs, CO 80911 ยท 4bd/2ba ยท $377,125

List Price
$377,125
Assumable Rate
3.05%
Remaining Balance
$370,340
Equity Gap
$6,785
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($6,785) is less than 5% of the purchase price ($18,856). Your down payment covers the full gap with no second mortgage required.

Down Payment
$6,785
Effective Rate
3.05%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,265/mo
Assumable @ 3.05%
$1,571/mo
$693less per month with the assumable

Your Savings on This Property

4426 McGrew Circle, Colorado Springs ยท 3.05% VA vs 6.5% conventional

$693
per month
$8,318
per year
$249,527
over 30 years
$261,598
interest saved
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