Loan Comparison: 2.68% vs 6.5%
2606 Bijou, Colorado Springs, CO 80909 ยท 4bd/2ba ยท $275,000
List Price
$275,000
Assumable Rate
2.68%
Remaining Balance
$283,100
Equity Gap
$-8,100
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-8,100) is less than 5% of the purchase price ($13,750). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-8,100
Effective Rate
2.68%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,651/moAssumable @ 2.68%
$1,145/mo$506less per month with the assumable
Your Savings on This Property
2606 Bijou, Colorado Springs ยท 2.68% FHA vs 6.5% conventional
$506
per month
$6,072
per year
$182,166
over 30 years
$204,016
interest saved
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