🏠The Assumable Guy

Loan Comparison: 3.11% vs 6.5%

15973 Longmeadow Lane, Colorado Springs, CO 80921 · 5bd/5ba · $699,900

List Price
$699,900
Assumable Rate
3.11%
Remaining Balance
$696,437
Equity Gap
$3,463
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($3,463) is less than 5% of the purchase price ($34,995). Your down payment covers the full gap with no second mortgage required.

Down Payment
$3,463
Effective Rate
3.11%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$4,203/mo
Assumable @ 3.11%
$2,978/mo
$1,225less per month with the assumable

Your Savings on This Property

15973 Longmeadow Lane, Colorado Springs · 3.11% VA vs 6.5% conventional

$1,225
per month
$14,700
per year
$440,988
over 30 years
$472,520
interest saved
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