🏠The Assumable Guy

Loan Comparison: 5.23% vs 6.5%

1703 Harrow, Colorado Springs, CO 80906 · 3bd/2ba · $370,000

List Price
$370,000
Assumable Rate
5.23%
Remaining Balance
$352,144
Equity Gap
$17,855
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($17,855) is less than 5% of the purchase price ($18,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$17,855
Effective Rate
5.23%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,222/mo
Assumable @ 5.23%
$1,940/mo
$282less per month with the assumable

Your Savings on This Property

1703 Harrow, Colorado Springs · 5.23% VA vs 6.5% conventional

$282
per month
$3,378
per year
$101,350
over 30 years
$101,994
interest saved
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