Loan Comparison: 3.07% vs 6.5%

9559 Desert Lily, Colorado Springs, CO 80925 ยท 3bd/3ba ยท $390,000

List Price
$390,000
Assumable Rate
3.07%
Remaining Balance
$406,853
Equity Gap
$-16,853
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-16,853) is less than 5% of the purchase price ($19,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-16,853
Effective Rate
3.07%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,342/mo
Assumable @ 3.07%
$1,731/mo
$611less per month with the assumable

Your Savings on This Property

9559 Desert Lily, Colorado Springs ยท 3.07% VA vs 6.5% conventional

$611
per month
$7,333
per year
$219,998
over 30 years
$256,351
interest saved
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