🏠The Assumable Guy

Loan Comparison: 3.1% vs 6.5%

5462 Hammond Drive, Colorado Springs, CO 80915 · 4bd/3ba · $399,900

List Price
$399,900
Assumable Rate
3.1%
Remaining Balance
$384,577
Equity Gap
$15,322
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($15,322) is less than 5% of the purchase price ($19,995). Your down payment covers the full gap with no second mortgage required.

Down Payment
$15,322
Effective Rate
3.1%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,401/mo
Assumable @ 3.1%
$1,642/mo
$759less per month with the assumable

Your Savings on This Property

5462 Hammond Drive, Colorado Springs · 3.1% VA vs 6.5% conventional

$759
per month
$9,109
per year
$273,258
over 30 years
$277,930
interest saved
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