🏠The Assumable Guy

Loan Comparison: 2.9% vs 6.5%

4096 London Lane, Colorado Springs, CO 80916 · 3bd/2ba · $275,000

List Price
$275,000
Assumable Rate
2.9%
Remaining Balance
$263,226
Equity Gap
$11,774
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($11,774) is less than 5% of the purchase price ($13,750). Your down payment covers the full gap with no second mortgage required.

Down Payment
$11,774
Effective Rate
2.9%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,651/mo
Assumable @ 2.9%
$1,096/mo
$556less per month with the assumable

Your Savings on This Property

4096 London Lane, Colorado Springs · 2.9% VA vs 6.5% conventional

$556
per month
$6,668
per year
$200,035
over 30 years
$202,011
interest saved
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