🏠The Assumable Guy

Loan Comparison: 6.02% vs 6.5%

421 Prospect Street, Colorado Springs, CO 80903 · 3bd/2ba · $532,000

List Price
$532,000
Assumable Rate
6.02%
Remaining Balance
$512,369
Equity Gap
$19,631
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($19,631) is less than 5% of the purchase price ($26,600). Your down payment covers the full gap with no second mortgage required.

Down Payment
$19,631
Effective Rate
6.02%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,194/mo
Assumable @ 6.02%
$3,079/mo
$116less per month with the assumable

Your Savings on This Property

421 Prospect Street, Colorado Springs · 6.02% VA vs 6.5% conventional

$116
per month
$1,392
per year
$41,749
over 30 years
$48,718
interest saved
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