🏠The Assumable Guy

Loan Comparison: 5.7% vs 6.5%

1522 Wynkoop Drive, Colorado Springs, CO 80909 · 3bd/2ba · $359,900

List Price
$359,900
Assumable Rate
5.7%
Remaining Balance
$352,462
Equity Gap
$7,438
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($7,438) is less than 5% of the purchase price ($17,995). Your down payment covers the full gap with no second mortgage required.

Down Payment
$7,438
Effective Rate
5.7%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,161/mo
Assumable @ 5.7%
$2,046/mo
$115less per month with the assumable

Your Savings on This Property

1522 Wynkoop Drive, Colorado Springs · 5.7% FHA vs 6.5% conventional

$115
per month
$1,385
per year
$41,537
over 30 years
$52,094
interest saved
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