Loan Comparison: 5.23% vs 6.5%
7532 Frigid Air, Colorado Springs, CO 80908 · 3bd/4ba · $415,000
List Price
$415,000
Assumable Rate
5.23%
Remaining Balance
$432,058
Equity Gap
$-17,058
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-17,058) is less than 5% of the purchase price ($20,750). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-17,058
Effective Rate
5.23%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,492/moAssumable @ 5.23%
$2,380/mo$111less per month with the assumable
Your Savings on This Property
7532 Frigid Air, Colorado Springs · 5.23% FHA vs 6.5% conventional
$111
per month
$1,337
per year
$40,117
over 30 years
$77,925
interest saved
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