🏠The Assumable Guy

Loan Comparison: 2.68% vs 6.5%

2606 Bijou, Colorado Springs, CO 80909 · 4bd/2ba · $275,000

List Price
$275,000
Assumable Rate
2.68%
Remaining Balance
$283,765
Equity Gap
$-8,765
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($-8,765) is less than 5% of the purchase price ($13,750). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-8,765
Effective Rate
2.68%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,651/mo
Assumable @ 2.68%
$1,148/mo
$503less per month with the assumable

Your Savings on This Property

2606 Bijou, Colorado Springs · 2.68% FHA vs 6.5% conventional

$503
per month
$6,040
per year
$181,198
over 30 years
$203,713
interest saved
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