🏠The Assumable Guy

Loan Comparison: 5.41% vs 6.5%

360 Marlowe, Erie, CO 80516 · 3bd/3ba · $594,000

List Price
$594,000
Assumable Rate
5.41%
Remaining Balance
$569,191
Equity Gap
$22,410
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($22,410) is less than 5% of the purchase price ($29,700). Your down payment covers the full gap with no second mortgage required.

Down Payment
$22,410
Effective Rate
5.41%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,567/mo
Assumable @ 5.41%
$3,200/mo
$367less per month with the assumable

Your Savings on This Property

360 Marlowe, Erie · 5.41% VA vs 6.5% conventional

$367
per month
$4,404
per year
$132,128
over 30 years
$137,019
interest saved
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