🏠The Assumable Guy

Loan Comparison: 5.23% vs 6.5%

1703 Harrow, Colorado Springs, CO 80906 · 3bd/2ba · $350,000

List Price
$350,000
Assumable Rate
5.23%
Remaining Balance
$351,109
Equity Gap
$-1,109
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-1,109) is less than 5% of the purchase price ($17,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-1,109
Effective Rate
5.23%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,102/mo
Assumable @ 5.23%
$1,934/mo
$167less per month with the assumable

Your Savings on This Property

1703 Harrow, Colorado Springs · 5.23% VA vs 6.5% conventional

$167
per month
$2,006
per year
$60,169
over 30 years
$78,778
interest saved
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