🏠The Assumable Guy

Loan Comparison: 4.16% vs 6.5%

6420 Stonehedge Drive, Colorado Springs, CO 80906 · 4bd/2ba · $490,000

List Price
$490,000
Assumable Rate
4.16%
Remaining Balance
$488,656
Equity Gap
$1,344
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($1,344) is less than 5% of the purchase price ($24,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$1,344
Effective Rate
4.16%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,942/mo
Assumable @ 4.16%
$2,378/mo
$564less per month with the assumable

Your Savings on This Property

6420 Stonehedge Drive, Colorado Springs · 4.16% VA vs 6.5% conventional

$564
per month
$6,769
per year
$203,061
over 30 years
$226,217
interest saved
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