🏠The Assumable Guy

Loan Comparison: 2.98% vs 6.5%

6773 Galpin Drive, Colorado Springs, CO 80925 · 5bd/3ba · $390,000

List Price
$390,000
Assumable Rate
2.98%
Remaining Balance
$371,381
Equity Gap
$18,619
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($18,619) is less than 5% of the purchase price ($19,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$18,619
Effective Rate
2.98%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,342/mo
Assumable @ 2.98%
$1,562/mo
$780less per month with the assumable

Your Savings on This Property

6773 Galpin Drive, Colorado Springs · 2.98% VA vs 6.5% conventional

$780
per month
$9,361
per year
$280,821
over 30 years
$281,702
interest saved
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