🏠The Assumable Guy

Loan Comparison: 5.41% vs 6.5%

6843 LILY MOUNTAIN, Colorado Springs, CO 80923 · 3bd/3ba · $425,000

List Price
$425,000
Assumable Rate
5.41%
Remaining Balance
$449,710
Equity Gap
$-24,710
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-24,710) is less than 5% of the purchase price ($21,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-24,710
Effective Rate
5.41%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,552/mo
Assumable @ 5.41%
$2,528/mo
$24less per month with the assumable

Your Savings on This Property

6843 LILY MOUNTAIN, Colorado Springs · 5.41% VA vs 6.5% conventional

$24
per month
$287
per year
$8,606
over 30 years
$54,566
interest saved
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