Loan Comparison: 3.76% vs 6.5%
6472 Barr, Colorado Springs, CO 80924 · 3bd/3ba · $417,000
List Price
$417,000
Assumable Rate
3.76%
Remaining Balance
$426,034
Equity Gap
$-9,034
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-9,034) is less than 5% of the purchase price ($20,850). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-9,034
Effective Rate
3.76%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,504/moAssumable @ 3.76%
$1,975/mo$528less per month with the assumable
Your Savings on This Property
6472 Barr, Colorado Springs · 3.76% FHA vs 6.5% conventional
$528
per month
$6,342
per year
$190,256
over 30 years
$220,140
interest saved
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