🏠The Assumable Guy

Loan Comparison: 6.2% vs 6.5%

8578 Handey Court, Colorado Springs, CO 80925 · 3bd/1ba · $525,000

List Price
$525,000
Assumable Rate
6.2%
Remaining Balance
$503,743
Equity Gap
$21,257
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($21,257) is less than 5% of the purchase price ($26,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$21,257
Effective Rate
6.2%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,152/mo
Assumable @ 6.2%
$3,085/mo
$67less per month with the assumable

Your Savings on This Property

8578 Handey Court, Colorado Springs · 6.2% VA vs 6.5% conventional

$67
per month
$806
per year
$24,181
over 30 years
$29,174
interest saved
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