Loan Comparison: 3.1% vs 6.5%

6628 John Muir, Colorado Springs, CO 80927 · 2bd/3ba · $365,000

List Price
$365,000
Assumable Rate
3.1%
Remaining Balance
$403,892
Equity Gap
$-38,892
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-38,892) is less than 5% of the purchase price ($18,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-38,892
Effective Rate
3.1%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,192/mo
Assumable @ 3.1%
$1,725/mo
$467less per month with the assumable

Your Savings on This Property

6628 John Muir, Colorado Springs · 3.1% VA vs 6.5% conventional

$467
per month
$5,604
per year
$168,124
over 30 years
$225,266
interest saved
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