Loan Comparison: 5.41% vs 6.5%

6994 Maidford, Colorado Springs, CO 80925 ยท 5bd/3ba ยท $498,000

List Price
$498,000
Assumable Rate
5.41%
Remaining Balance
$499,806
Equity Gap
$-1,806
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-1,806) is less than 5% of the purchase price ($24,900). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-1,806
Effective Rate
5.41%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,990/mo
Assumable @ 5.41%
$2,810/mo
$181less per month with the assumable

Your Savings on This Property

6994 Maidford, Colorado Springs ยท 5.41% VA vs 6.5% conventional

$181
per month
$2,168
per year
$65,026
over 30 years
$91,732
interest saved
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