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
FHA

No 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/mo
Assumable @ 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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