🏠The Assumable Guy

Loan Comparison: 5.41% vs 6.5%

7565 Woody Creek, Colorado Springs, CO 80911 · 5bd/3ba · $375,000

List Price
$375,000
Assumable Rate
5.41%
Remaining Balance
$365,293
Equity Gap
$8,684
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($8,684) is less than 5% of the purchase price ($18,750). Your down payment covers the full gap with no second mortgage required.

Down Payment
$8,684
Effective Rate
5.41%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,252/mo
Assumable @ 5.41%
$2,054/mo
$198less per month with the assumable

Your Savings on This Property

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

$198
per month
$2,379
per year
$71,362
over 30 years
$80,405
interest saved
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