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
VANo 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/moAssumable @ 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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