🏠The Assumable Guy

Loan Comparison: 2.88% vs 6.5%

2703 Crooked Vine, Colorado Springs, CO 80921 · 5bd/3ba · $550,000

List Price
$550,000
Assumable Rate
2.88%
Remaining Balance
$561,953
Equity Gap
$-11,953
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-11,953) is less than 5% of the purchase price ($27,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-11,953
Effective Rate
2.88%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,303/mo
Assumable @ 2.88%
$2,333/mo
$970less per month with the assumable

Your Savings on This Property

2703 Crooked Vine, Colorado Springs · 2.88% VA vs 6.5% conventional

$970
per month
$11,635
per year
$349,039
over 30 years
$388,492
interest saved
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