🏠The Assumable Guy

Loan Comparison: 4.17% vs 6.5%

2130 Olympic, Colorado Springs, CO 80910 · 3bd/2ba · $300,000

List Price
$300,000
Assumable Rate
4.17%
Remaining Balance
$316,896
Equity Gap
$-16,896
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-16,896) is less than 5% of the purchase price ($15,000). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-16,896
Effective Rate
4.17%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,801/mo
Assumable @ 4.17%
$1,544/mo
$257less per month with the assumable

Your Savings on This Property

2130 Olympic, Colorado Springs · 4.17% VA vs 6.5% conventional

$257
per month
$3,087
per year
$92,614
over 30 years
$124,510
interest saved
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