Loan Comparison: 6.63% vs 6.5%
7010 Blazing Trail Drive, Colorado Springs, CO 80922 ยท 3bd/2ba ยท $435,000
List Price
$435,000
Assumable Rate
6.63%
Remaining Balance
$415,378
Equity Gap
$19,621
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($19,621) is less than 5% of the purchase price ($21,750). Your down payment covers the full gap with no second mortgage required.
Down Payment
$19,621
Effective Rate
6.63%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,612/moAssumable @ 6.63%
$2,661/moYour Savings on This Property
7010 Blazing Trail Drive, Colorado Springs ยท 6.63% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
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