🏠The Assumable Guy

Loan Comparison: 5.41% vs 6.5%

7565 Woody Creek, Colorado Springs, CO 80911 · 5bd/3ba · $340,000

List Price
$340,000
Assumable Rate
5.41%
Remaining Balance
$363,742
Equity Gap
$-23,742
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($-23,742) is less than 5% of the purchase price ($17,000). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-23,742
Effective Rate
5.41%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,042/mo
Assumable @ 5.41%
$2,045/mo

Your Savings on This Property

7565 Woody Creek, Colorado Springs · 5.41% FHA vs 6.5% conventional

$0
per month
$0
per year
$0
over 30 years
$39,585
interest saved
🏠

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