🏠The Assumable Guy

Loan Comparison: 6.12% vs 6.5%

622 Paradise Lane, Colorado Springs, CO 80904 · 4bd/3ba · $469,000

List Price
$469,000
Assumable Rate
6.12%
Remaining Balance
$449,783
Equity Gap
$19,217
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($19,217) is less than 5% of the purchase price ($23,450). Your down payment covers the full gap with no second mortgage required.

Down Payment
$19,217
Effective Rate
6.12%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,816/mo
Assumable @ 6.12%
$2,731/mo
$85less per month with the assumable

Your Savings on This Property

622 Paradise Lane, Colorado Springs · 6.12% FHA vs 6.5% conventional

$85
per month
$1,016
per year
$30,494
over 30 years
$34,727
interest saved
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