🏠The Assumable Guy

Loan Comparison: 2.98% vs 6.5%

532 Shady Crest, Colorado Springs, CO 80916 · 2bd/3ba · $238,500

List Price
$238,500
Assumable Rate
2.98%
Remaining Balance
$229,659
Equity Gap
$8,841
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($8,841) is less than 5% of the purchase price ($11,925). Your down payment covers the full gap with no second mortgage required.

Down Payment
$8,841
Effective Rate
2.98%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,432/mo
Assumable @ 2.98%
$966/mo
$466less per month with the assumable

Your Savings on This Property

532 Shady Crest, Colorado Springs · 2.98% VA vs 6.5% conventional

$466
per month
$5,596
per year
$167,880
over 30 years
$170,964
interest saved
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