Loan Comparison: 4% vs 6.5%
1104 Yosemite Drive, Colorado Springs, CO 80910 ยท 4bd/2ba ยท $363,000
List Price
$363,000
Assumable Rate
4%
Remaining Balance
$352,260
Equity Gap
$10,740
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($10,740) is less than 5% of the purchase price ($18,150). Your down payment covers the full gap with no second mortgage required.
Down Payment
$10,740
Effective Rate
4%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,180/moAssumable @ 4%
$1,682/mo$498less per month with the assumable
Your Savings on This Property
1104 Yosemite Drive, Colorado Springs ยท 4% FHA vs 6.5% conventional
$498
per month
$5,975
per year
$179,260
over 30 years
$186,670
interest saved
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