Loan Comparison: 4.98% vs 6.5%
525 William, Colorado Springs, CO 80905 ยท 3bd/2ba ยท $270,000
List Price
$270,000
Assumable Rate
4.98%
Remaining Balance
$372,782
Equity Gap
$-102,782
Loan Type
VANo Secondary Financing Needed
The equity gap on this property ($-102,782) is less than 5% of the purchase price ($13,500). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-102,782
Effective Rate
4.98%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,621/moAssumable @ 4.98%
$1,997/moYour Savings on This Property
525 William, Colorado Springs ยท 4.98% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
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