Loan Comparison: 2.2% vs 6.5%
679 Bridger, Colorado Springs, CO 80909 · 3bd/3ba · $404,000
List Price
$404,000
Assumable Rate
2.2%
Remaining Balance
$421,326
Equity Gap
$-17,326
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-17,326) is less than 5% of the purchase price ($20,200). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-17,326
Effective Rate
2.2%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,426/moAssumable @ 2.2%
$1,600/mo$826less per month with the assumable
Your Savings on This Property
679 Bridger, Colorado Springs · 2.2% FHA vs 6.5% conventional
$826
per month
$9,913
per year
$297,396
over 30 years
$334,922
interest saved
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