🏠The Assumable Guy

Loan Comparison: 3.76% vs 6.5%

6979 Akela Lane, Colorado Springs, CO 80925 · 3bd/4ba · $470,000

List Price
$470,000
Assumable Rate
3.76%
Remaining Balance
$452,126
Equity Gap
$17,873
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($17,873) is less than 5% of the purchase price ($23,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$17,873
Effective Rate
3.76%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,822/mo
Assumable @ 3.76%
$2,096/mo
$726less per month with the assumable

Your Savings on This Property

6979 Akela Lane, Colorado Springs · 3.76% VA vs 6.5% conventional

$726
per month
$8,709
per year
$261,270
over 30 years
$266,896
interest saved
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