Loan Comparison: 3.76% vs 6.5%
179 Ellers, Colorado Springs, CO 80916 · 2bd/2ba · $215,000
List Price
$215,000
Assumable Rate
3.76%
Remaining Balance
$257,661
Equity Gap
$-42,661
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-42,661) is less than 5% of the purchase price ($10,750). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-42,661
Effective Rate
3.76%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,291/moAssumable @ 3.76%
$1,195/mo$96less per month with the assumable
Your Savings on This Property
179 Ellers, Colorado Springs · 3.76% FHA vs 6.5% conventional
$96
per month
$1,155
per year
$34,657
over 30 years
$88,068
interest saved
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