Loan Comparison: 3.1% vs 6.5%
10520 Horton, Colorado Springs, CO 80925 · 4bd/3ba · $450,000
List Price
$450,000
Assumable Rate
3.1%
Remaining Balance
$462,968
Equity Gap
$-12,968
Loan Type
VANo Secondary Financing Needed
The equity gap on this property ($-12,968) is less than 5% of the purchase price ($22,500). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-12,968
Effective Rate
3.1%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 3.1%
$1,977/mo$725less per month with the assumable
Your Savings on This Property
10520 Horton, Colorado Springs · 3.1% VA vs 6.5% conventional
$725
per month
$8,702
per year
$261,051
over 30 years
$296,519
interest saved
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