🏠The Assumable Guy

Loan Comparison: 5.22% vs 6.5%

834 Grissom, Colorado Springs, CO 80915 · 3bd/2ba · $370,000

List Price
$370,000
Assumable Rate
5.22%
Remaining Balance
$393,484
Equity Gap
$-23,484
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-23,484) is less than 5% of the purchase price ($18,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-23,484
Effective Rate
5.22%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,222/mo
Assumable @ 5.22%
$2,166/mo
$56less per month with the assumable

Your Savings on This Property

834 Grissom, Colorado Springs · 5.22% VA vs 6.5% conventional

$56
per month
$674
per year
$20,229
over 30 years
$62,213
interest saved
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