🏠The Assumable Guy

Loan Comparison: 6.9% vs 6.5%

2516 Glen View Avenue, Colorado Springs, CO 80904 · 1bd/1ba · $485,000

List Price
$485,000
Assumable Rate
6.9%
Remaining Balance
$480,405
Equity Gap
$4,594
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($4,594) is less than 5% of the purchase price ($24,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$4,594
Effective Rate
6.9%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,912/mo
Assumable @ 6.9%
$3,164/mo

Your Savings on This Property

2516 Glen View Avenue, Colorado Springs · 6.9% FHA vs 6.5% conventional

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

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