🏠The Assumable Guy

Loan Comparison: 3.1% vs 6.5%

9843 Paluxy, Colorado Springs, CO 80925 · 3bd/3ba · $359,000

List Price
$359,000
Assumable Rate
3.1%
Remaining Balance
$352,410
Equity Gap
$4,371
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($4,371) is less than 5% of the purchase price ($17,950). Your down payment covers the full gap with no second mortgage required.

Down Payment
$4,371
Effective Rate
3.1%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,156/mo
Assumable @ 3.1%
$1,505/mo
$651less per month with the assumable

Your Savings on This Property

9843 Paluxy, Colorado Springs · 3.1% VA vs 6.5% conventional

$651
per month
$7,810
per year
$234,295
over 30 years
$245,655
interest saved
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