🏠The Assumable Guy

Loan Comparison: 5.41% vs 6.5%

360 Marlowe, Erie, CO 80516 · 3bd/3ba · $595,000

List Price
$595,000
Assumable Rate
5.41%
Remaining Balance
$569,994
Equity Gap
$25,006
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($25,006) is less than 5% of the purchase price ($29,750). Your down payment covers the full gap with no second mortgage required.

Down Payment
$25,006
Effective Rate
5.41%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,573/mo
Assumable @ 5.41%
$3,204/mo
$369less per month with the assumable

Your Savings on This Property

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

$369
per month
$4,422
per year
$132,665
over 30 years
$137,409
interest saved
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