🏠The Assumable Guy

Loan Comparison: 2.93% vs 6.5%

6876 Volga Drive, Colorado Springs, CO 80925 · 4bd/3ba · $489,500

List Price
$489,500
Assumable Rate
2.93%
Remaining Balance
$466,520
Equity Gap
$22,979
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($22,979) is less than 5% of the purchase price ($24,475). Your down payment covers the full gap with no second mortgage required.

Down Payment
$22,979
Effective Rate
2.93%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,939/mo
Assumable @ 2.93%
$1,949/mo
$990less per month with the assumable

Your Savings on This Property

6876 Volga Drive, Colorado Springs · 2.93% VA vs 6.5% conventional

$990
per month
$11,880
per year
$356,391
over 30 years
$357,886
interest saved
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