🏠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
$400,731
Equity Gap
$-25,731
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-25,731) is less than 5% of the purchase price ($18,750). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-25,731
Effective Rate
5.23%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,252/mo
Assumable @ 5.23%
$2,208/mo
$44less per month with the assumable

Your Savings on This Property

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

$44
per month
$526
per year
$15,787
over 30 years
$60,268
interest saved
🏠

Back to This Listing

View photos, details, and request a showing for 7110 Gershwin.

View Listing Details
📈

Interested in This Home?

Get full loan details and schedule a showing. Free, no obligation.

Free. No spam. We personally respond within 24 hours.

By submitting, you consent to be contacted by The Assumable Guy via phone, text, and email regarding assumable mortgage properties. Message & data rates may apply. Reply STOP to opt out.