🏠The Assumable Guy

Loan Comparison: 5.23% vs 6.5%

7110 Gershwin, Colorado Springs, CO 80911 · 3bd/2ba · $375,000

List Price
$375,000
Assumable Rate
5.23%
Remaining Balance
$401,324
Equity Gap
$-26,324
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-26,324) is less than 5% of the purchase price ($18,750). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-26,324
Effective Rate
5.23%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,252/mo
Assumable @ 5.23%
$2,211/mo
$41less per month with the assumable

Your Savings on This Property

7110 Gershwin, Colorado Springs · 5.23% VA vs 6.5% conventional

$41
per month
$487
per year
$14,611
over 30 years
$59,685
interest saved
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