🏠The Assumable Guy

Loan Comparison: 4.17% vs 6.5%

5282 Prominence, Colorado Springs, CO 80923 · 3bd/3ba · $375,000

List Price
$375,000
Assumable Rate
4.17%
Remaining Balance
$363,498
Equity Gap
$11,501
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($11,501) is less than 5% of the purchase price ($18,750). Your down payment covers the full gap with no second mortgage required.

Down Payment
$11,501
Effective Rate
4.17%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,252/mo
Assumable @ 4.17%
$1,771/mo
$481less per month with the assumable

Your Savings on This Property

5282 Prominence, Colorado Springs · 4.17% VA vs 6.5% conventional

$481
per month
$5,766
per year
$172,992
over 30 years
$180,240
interest saved
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