Loan Comparison: 5.22% vs 6.5%

4987 Laredo Ridge, Colorado Springs, CO 80922 ยท 3bd/2ba ยท $449,900

List Price
$449,900
Assumable Rate
5.22%
Remaining Balance
$436,593
Equity Gap
$12,664
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($12,664) is less than 5% of the purchase price ($22,495). Your down payment covers the full gap with no second mortgage required.

Down Payment
$12,664
Effective Rate
5.22%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,701/mo
Assumable @ 5.22%
$2,403/mo
$299less per month with the assumable

Your Savings on This Property

4987 Laredo Ridge, Colorado Springs ยท 5.22% VA vs 6.5% conventional

$299
per month
$3,585
per year
$107,537
over 30 years
$116,725
interest saved
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