🏠The Assumable Guy

Loan Comparison: 6.16% vs 6.5%

1380 Woodmoor Drive, Monument, CO 80132 · 4bd/3ba · $700,000

List Price
$700,000
Assumable Rate
6.16%
Remaining Balance
$683,766
Equity Gap
$16,233
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($16,233) is less than 5% of the purchase price ($35,000). Your down payment covers the full gap with no second mortgage required.

Down Payment
$16,233
Effective Rate
6.16%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$4,203/mo
Assumable @ 6.16%
$4,170/mo
$33less per month with the assumable

Your Savings on This Property

1380 Woodmoor Drive, Monument · 6.16% VA vs 6.5% conventional

$33
per month
$398
per year
$11,927
over 30 years
$30,693
interest saved
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