Loan Comparison: 2.89% vs 6.5%
5940 Gunshot Pass, Colorado Springs, CO 80917 · 3bd/1ba · $2,000
List Price
$2,000
Assumable Rate
2.89%
Remaining Balance
$254,806
Equity Gap
$-252,806
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-252,806) is less than 5% of the purchase price ($100). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-252,806
Effective Rate
2.89%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$12/moAssumable @ 2.89%
$1,059/moYour Savings on This Property
5940 Gunshot Pass, Colorado Springs · 2.89% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
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