Loan Comparison: 5.22% vs 6.5%

10772 Saco, Colorado Springs, CO 80925 ยท 3bd/3ba ยท $409,000

List Price
$409,000
Assumable Rate
5.22%
Remaining Balance
$391,945
Equity Gap
$15,360
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($15,360) is less than 5% of the purchase price ($20,450). Your down payment covers the full gap with no second mortgage required.

Down Payment
$15,360
Effective Rate
5.22%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,456/mo
Assumable @ 5.22%
$2,157/mo
$299less per month with the assumable

Your Savings on This Property

10772 Saco, Colorado Springs ยท 5.22% VA vs 6.5% conventional

$299
per month
$3,586
per year
$107,583
over 30 years
$110,978
interest saved
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