🏠The Assumable Guy

Loan Comparison: 5.51% vs 6.5%

6635 Mandan Drive, Colorado Springs, CO 80925 · 3bd/3ba · $424,995

List Price
$424,995
Assumable Rate
5.51%
Remaining Balance
$418,959
Equity Gap
$6,036
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($6,036) is less than 5% of the purchase price ($21,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$6,036
Effective Rate
5.51%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,552/mo
Assumable @ 5.51%
$2,381/mo
$171less per month with the assumable

Your Savings on This Property

6635 Mandan Drive, Colorado Springs · 5.51% VA vs 6.5% conventional

$171
per month
$2,046
per year
$61,384
over 30 years
$76,598
interest saved
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