🏠The Assumable Guy

Loan Comparison: 5.41% vs 6.5%

415 Cedar, Colorado Springs, CO 80903 · 2bd/1ba · $315,000

List Price
$315,000
Assumable Rate
5.41%
Remaining Balance
$307,780
Equity Gap
$6,783
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($6,783) is less than 5% of the purchase price ($15,750). Your down payment covers the full gap with no second mortgage required.

Down Payment
$6,783
Effective Rate
5.41%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,891/mo
Assumable @ 5.41%
$1,730/mo
$161less per month with the assumable

Your Savings on This Property

415 Cedar, Colorado Springs · 5.41% VA vs 6.5% conventional

$161
per month
$1,935
per year
$58,054
over 30 years
$66,584
interest saved
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