🏠The Assumable Guy

Loan Comparison: 4.17% vs 6.5%

2130 Olympic, Colorado Springs, CO 80910 · 3bd/2ba · $265,000

List Price
$265,000
Assumable Rate
4.17%
Remaining Balance
$316,340
Equity Gap
$-51,340
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-51,340) is less than 5% of the purchase price ($13,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-51,340
Effective Rate
4.17%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,591/mo
Assumable @ 4.17%
$1,541/mo
$50less per month with the assumable

Your Savings on This Property

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

$50
per month
$598
per year
$17,931
over 30 years
$82,521
interest saved
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