🏠The Assumable Guy

Loan Comparison: 2.9% vs 6.5%

15973 Longmeadow Lane, Colorado Springs, CO 80921 · 5bd/4ba · $699,900

List Price
$699,900
Assumable Rate
2.9%
Remaining Balance
$694,094
Equity Gap
$5,805
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($5,805) is less than 5% of the purchase price ($34,995). Your down payment covers the full gap with no second mortgage required.

Down Payment
$5,805
Effective Rate
2.9%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$4,203/mo
Assumable @ 2.9%
$2,889/mo
$1,314less per month with the assumable

Your Savings on This Property

15973 Longmeadow Lane, Colorado Springs · 2.9% VA vs 6.5% conventional

$1,314
per month
$15,763
per year
$472,905
over 30 years
$502,094
interest saved
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