🏠The Assumable Guy

Loan Comparison: 2.87% vs 6.5%

1623 James, Colorado Springs, CO 80915 · 4bd/3ba · $390,000

List Price
$390,000
Assumable Rate
2.87%
Remaining Balance
$377,198
Equity Gap
$8,644
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($8,644) is less than 5% of the purchase price ($19,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$8,644
Effective Rate
2.87%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,342/mo
Assumable @ 2.87%
$1,564/mo
$778less per month with the assumable

Your Savings on This Property

1623 James, Colorado Springs · 2.87% VA vs 6.5% conventional

$778
per month
$9,334
per year
$280,027
over 30 years
$286,725
interest saved
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