🏠The Assumable Guy

Loan Comparison: 5.3% vs 6.5%

849 Fountain Boulevard, Colorado Springs, CO 80903 · 4bd/2ba · $311,600

List Price
$311,600
Assumable Rate
5.3%
Remaining Balance
$304,298
Equity Gap
$7,301
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($7,301) is less than 5% of the purchase price ($15,580). Your down payment covers the full gap with no second mortgage required.

Down Payment
$7,301
Effective Rate
5.3%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,871/mo
Assumable @ 5.3%
$1,690/mo
$181less per month with the assumable

Your Savings on This Property

849 Fountain Boulevard, Colorado Springs · 5.3% VA vs 6.5% conventional

$181
per month
$2,175
per year
$65,256
over 30 years
$73,534
interest saved
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