Loan Comparison: 4% vs 6.5%
3762 Homestead Ridge, Colorado Springs, CO 80917 · 3bd/3ba · $329,000
List Price
$329,000
Assumable Rate
4%
Remaining Balance
$362,632
Equity Gap
$-33,632
Loan Type
VANo Secondary Financing Needed
The equity gap on this property ($-33,632) is less than 5% of the purchase price ($16,450). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-33,632
Effective Rate
4%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,976/moAssumable @ 4%
$1,731/mo$244less per month with the assumable
Your Savings on This Property
3762 Homestead Ridge, Colorado Springs · 4% VA vs 6.5% conventional
$244
per month
$2,931
per year
$87,936
over 30 years
$138,018
interest saved
🏠
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