Loan Comparison: 3.1% vs 6.5%

4426 McGrew, Colorado Springs, CO 80911 · 3bd/2ba · $390,000

List Price
$390,000
Assumable Rate
3.1%
Remaining Balance
$371,435
Equity Gap
$17,772
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($17,772) is less than 5% of the purchase price ($19,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$17,772
Effective Rate
3.1%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,342/mo
Assumable @ 3.1%
$1,586/mo
$756less per month with the assumable

Your Savings on This Property

4426 McGrew, Colorado Springs · 3.1% VA vs 6.5% conventional

$756
per month
$9,069
per year
$272,061
over 30 years
$272,996
interest saved
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