🏠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
$404,160
Equity Gap
$-34,660
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($-34,660) is less than 5% of the purchase price ($18,475). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-34,660
Effective Rate
4.98%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,219/mo
Assumable @ 4.98%
$2,165/mo
$54less per month with the assumable

Your Savings on This Property

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

$54
per month
$648
per year
$19,453
over 30 years
$72,588
interest saved
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