🏠The Assumable Guy

Loan Comparison: 2.87% vs 6.5%

31 Meade Avenue, Colorado Springs, CO 80904 · 4bd/2ba · $390,000

List Price
$390,000
Assumable Rate
2.87%
Remaining Balance
$372,990
Equity Gap
$17,009
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($17,009) is less than 5% of the purchase price ($19,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$17,009
Effective Rate
2.87%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,342/mo
Assumable @ 2.87%
$1,547/mo
$795less per month with the assumable

Your Savings on This Property

31 Meade Avenue, Colorado Springs · 2.87% VA vs 6.5% conventional

$795
per month
$9,544
per year
$286,308
over 30 years
$288,798
interest saved
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