🏠The Assumable Guy

Loan Comparison: 4.17% vs 6.5%

527 Syracuse, Colorado Springs, CO 80911 · 4bd/2ba · $350,000

List Price
$350,000
Assumable Rate
4.17%
Remaining Balance
$346,150
Equity Gap
$3,850
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($3,850) is less than 5% of the purchase price ($17,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$3,850
Effective Rate
4.17%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,102/mo
Assumable @ 4.17%
$1,687/mo
$415less per month with the assumable

Your Savings on This Property

527 Syracuse, Colorado Springs · 4.17% FHA vs 6.5% conventional

$415
per month
$4,979
per year
$149,382
over 30 years
$163,032
interest saved
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