Loan Comparison: 3.45% vs 6.5%
6831 Mountain Top, Colorado Springs, CO 80919 ยท 2bd/2ba ยท $245,000
List Price
$245,000
Assumable Rate
3.45%
Remaining Balance
$266,866
Equity Gap
$-21,866
Loan Type
VANo Secondary Financing Needed
The equity gap on this property ($-21,866) is less than 5% of the purchase price ($12,250). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-21,866
Effective Rate
3.45%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,471/moAssumable @ 3.45%
$1,191/mo$280less per month with the assumable
Your Savings on This Property
6831 Mountain Top, Colorado Springs ยท 3.45% VA vs 6.5% conventional
$280
per month
$3,363
per year
$100,882
over 30 years
$134,998
interest saved
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