🏠The Assumable Guy

Loan Comparison: 6.11% vs 6.5%

1565 Piros Drive, Colorado Springs, CO 80915 · 5bd/3ba · $431,000

List Price
$431,000
Assumable Rate
6.11%
Remaining Balance
$415,993
Equity Gap
$15,006
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($15,006) is less than 5% of the purchase price ($21,550). Your down payment covers the full gap with no second mortgage required.

Down Payment
$15,006
Effective Rate
6.11%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,588/mo
Assumable @ 6.11%
$2,524/mo
$64less per month with the assumable

Your Savings on This Property

1565 Piros Drive, Colorado Springs · 6.11% FHA vs 6.5% conventional

$64
per month
$773
per year
$23,191
over 30 years
$29,734
interest saved
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