Hey Just-me., As a born again person, there is a total difference in how we are dealt with concerning the law. We are no longer subject to it. It has no power to condemn us as believers. We do suffer the consequences of foolish choices by sinning but the consequences are not God's judgment and wrath. The judgment and wrath for the believer has already been paid for in the body of Jesus on the cross. We are now the righteousness of God IN Christ. Our position has changed from lost sinner to found saint.
I believe that we are 100% under grace and 100% under the law.
The wages of sin is death Rom 6:23, Sin is the transgression of the Law 1 John 3:4.
We are no longer subject to it. It has no power to condemn us as believers.
Why do we need grace? Because we are under the law.
What does grace do? Sees us as sinless when we arn't. How can God see us as sinless? His Blood Frees us from the Law.
The perfect Law reveals our sins (condemns us) and Christ pays the price to free us. So we are free from the law's condemnation and that is different to taking away the law. Because if Christ could take away the law that condemns us we wouldn't need grace. We need grace in the days before Christ and today because the same Law revealed all of mankind as a sinner.