🏠The Assumable Guy

Loan Comparison: 5.41% vs 6.5%

360 Marlowe, Erie, CO 80516 · 3bd/3ba · $589,999

List Price
$589,999
Assumable Rate
5.41%
Remaining Balance
$568,384
Equity Gap
$18,409
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($18,409) is less than 5% of the purchase price ($29,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$18,409
Effective Rate
5.41%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,543/mo
Assumable @ 5.41%
$3,195/mo
$348less per month with the assumable

Your Savings on This Property

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

$348
per month
$4,170
per year
$125,113
over 30 years
$132,998
interest saved
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