🏠The Assumable Guy

Loan Comparison: 2.81% vs 6.5%

14785 Latrobe, Colorado Springs, CO 80921 · 6bd/4ba · $730,000

List Price
$730,000
Assumable Rate
2.81%
Remaining Balance
$750,489
Equity Gap
$-20,489
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-20,489) is less than 5% of the purchase price ($36,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-20,489
Effective Rate
2.81%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$4,383/mo
Assumable @ 2.81%
$3,088/mo
$1,296less per month with the assumable

Your Savings on This Property

14785 Latrobe, Colorado Springs · 2.81% VA vs 6.5% conventional

$1,296
per month
$15,548
per year
$466,446
over 30 years
$523,435
interest saved
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