Loan Comparison: 5.3% vs 6.5%
7532 Frigid Air, Colorado Springs, CO 80908 · 3bd/4ba · $399,000
List Price
$399,000
Assumable Rate
5.3%
Remaining Balance
$429,830
Equity Gap
$-30,830
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-30,830) is less than 5% of the purchase price ($19,950). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-30,830
Effective Rate
5.3%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,396/moAssumable @ 5.3%
$2,387/mo$9less per month with the assumable
Your Savings on This Property
7532 Frigid Air, Colorado Springs · 5.3% FHA vs 6.5% conventional
$9
per month
$108
per year
$3,236
over 30 years
$54,016
interest saved
🏠
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