Loan Comparison: 5.23% vs 6.5%
3628 Pacific, Colorado Springs, CO 80910 ยท 4bd/3ba ยท $295,000
List Price
$295,000
Assumable Rate
5.23%
Remaining Balance
$355,047
Equity Gap
$-60,047
Loan Type
VANo Secondary Financing Needed
The equity gap on this property ($-60,047) is less than 5% of the purchase price ($14,750). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-60,047
Effective Rate
5.23%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,771/moAssumable @ 5.23%
$1,956/moYour Savings on This Property
3628 Pacific, Colorado Springs ยท 5.23% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$8,263
interest saved
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