Loan Comparison: 3.76% vs 6.5%
6979 Akela, Colorado Springs, CO 80925 · 3bd/3ba · $470,000
List Price
$470,000
Assumable Rate
3.76%
Remaining Balance
$494,002
Equity Gap
$17,002
Loan Type
VANo Secondary Financing Needed
The equity gap on this property ($17,002) is less than 5% of the purchase price ($23,500). Your down payment covers the full gap with no second mortgage required.
Down Payment
$17,002
Effective Rate
3.76%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,822/moAssumable @ 3.76%
$2,291/mo$532less per month with the assumable
Your Savings on This Property
6979 Akela, Colorado Springs · 3.76% VA vs 6.5% conventional
$532
per month
$6,379
per year
$191,369
over 30 years
$238,871
interest saved
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