🏠The Assumable Guy

Loan Comparison: 5.41% vs 6.5%

719 Bonfoy, Colorado Springs, CO 80909 · 4bd/2ba · $399,000

List Price
$399,000
Assumable Rate
5.41%
Remaining Balance
$417,872
Equity Gap
$-18,872
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-18,872) is less than 5% of the purchase price ($19,950). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-18,872
Effective Rate
5.41%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,396/mo
Assumable @ 5.41%
$2,349/mo
$47less per month with the assumable

Your Savings on This Property

719 Bonfoy, Colorado Springs · 5.41% VA vs 6.5% conventional

$47
per month
$561
per year
$16,835
over 30 years
$55,657
interest saved
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