Loan Comparison: 2.87% vs 6.5%
1017 Moorings, Colorado Springs, CO 80906 ยท 1bd/1ba ยท $1,395
List Price
$1,395
Assumable Rate
2.87%
Remaining Balance
$201,667
Equity Gap
$-200,272
Loan Type
FHANo Secondary Financing Needed
The equity gap on this property ($-200,272) is less than 5% of the purchase price ($70). Your down payment covers the full gap with no second mortgage required.
Down Payment
$-200,272
Effective Rate
2.87%
vs Conventional
6.5%
Monthly Payment Comparison
New Conventional @ 6.5%
$8/moAssumable @ 2.87%
$836/moYour Savings on This Property
1017 Moorings, Colorado Springs ยท 2.87% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
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