🏠The Assumable Guy

Loan Comparison: 5.23% vs 6.5%

7647 Black Bear, Colorado Springs, CO 80922 · 2bd/2ba · $219,000

List Price
$219,000
Assumable Rate
5.23%
Remaining Balance
$261,206
Equity Gap
$-42,206
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-42,206) is less than 5% of the purchase price ($10,950). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-42,206
Effective Rate
5.23%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,315/mo
Assumable @ 5.23%
$1,439/mo

Your Savings on This Property

7647 Black Bear, Colorado Springs · 5.23% VA vs 6.5% conventional

$0
per month
$0
per year
$0
over 30 years
$8,466
interest saved
🏠

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