🏠The Assumable Guy

Loan Comparison: 6.49% vs 6.5%

702 Erie Road, Colorado Springs, CO 80910 · 3bd/2ba · $287,000

List Price
$287,000
Assumable Rate
6.49%
Remaining Balance
$283,835
Equity Gap
$3,165
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($3,165) is less than 5% of the purchase price ($14,350). Your down payment covers the full gap with no second mortgage required.

Down Payment
$3,165
Effective Rate
6.49%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,723/mo
Assumable @ 6.49%
$1,792/mo

Your Savings on This Property

702 Erie Road, Colorado Springs · 6.49% FHA vs 6.5% conventional

$0
per month
$0
per year
$0
over 30 years
$0
interest saved
🏠

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