🏠The Assumable Guy

Loan Comparison: 5.41% vs 6.5%

7565 Woody Creek, Colorado Springs, CO 80911 · 5bd/3ba · $350,000

List Price
$350,000
Assumable Rate
5.41%
Remaining Balance
$364,778
Equity Gap
$-14,778
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($-14,778) is less than 5% of the purchase price ($17,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-14,778
Effective Rate
5.41%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,102/mo
Assumable @ 5.41%
$2,051/mo
$51less per month with the assumable

Your Savings on This Property

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

$51
per month
$612
per year
$18,363
over 30 years
$50,641
interest saved
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