Loan Comparison: 2.9% vs 6.5%
4867 Painted Sky, Colorado Springs, CO 80916 · 3bd/3ba · $275,000
List Price
$275,000
Assumable Rate
2.9%
Remaining Balance
$292,323
Equity Gap
$-17,323
Loan Type
VANo Secondary Financing Needed
The equity gap on this property ($-17,323) is less than 5% of the purchase price ($13,750). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-17,323
Effective Rate
2.9%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,651/moAssumable @ 2.9%
$1,217/mo$435less per month with the assumable
Your Savings on This Property
4867 Painted Sky, Colorado Springs · 2.9% VA vs 6.5% conventional
$435
per month
$5,215
per year
$156,435
over 30 years
$187,508
interest saved
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