Loan Comparison: 7.04% vs 6.5%

5155 Quill Drive, Colorado Springs, CO 80911 ยท 4bd/2ba ยท $440,000

List Price
$440,000
Assumable Rate
7.04%
Remaining Balance
$420,930
Equity Gap
$19,069
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($19,069) is less than 5% of the purchase price ($22,000). Your down payment covers the full gap with no second mortgage required.

Down Payment
$19,069
Effective Rate
7.04%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,642/mo
Assumable @ 7.04%
$2,812/mo

Your Savings on This Property

5155 Quill Drive, Colorado Springs ยท 7.04% FHA vs 6.5% conventional

$0
per month
$0
per year
$0
over 30 years
$0
interest saved
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