🏠The Assumable Guy

Loan Comparison: 4.98% vs 6.5%

913 Cardinal, Colorado Springs, CO 80911 · 5bd/2ba · $369,500

List Price
$369,500
Assumable Rate
4.98%
Remaining Balance
$403,539
Equity Gap
$-34,039
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($-34,039) is less than 5% of the purchase price ($18,475). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-34,039
Effective Rate
4.98%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,219/mo
Assumable @ 4.98%
$2,161/mo
$57less per month with the assumable

Your Savings on This Property

913 Cardinal, Colorado Springs · 4.98% FHA vs 6.5% conventional

$57
per month
$688
per year
$20,650
over 30 years
$73,164
interest saved
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