🏠The Assumable Guy

Loan Comparison: 4.17% vs 6.5%

7350 Waterwheel, Colorado Springs, CO 80911 · 3bd/2ba · $350,000

List Price
$350,000
Assumable Rate
4.17%
Remaining Balance
$341,375
Equity Gap
$8,625
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($8,625) is less than 5% of the purchase price ($17,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$8,625
Effective Rate
4.17%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,102/mo
Assumable @ 4.17%
$1,663/mo
$438less per month with the assumable

Your Savings on This Property

7350 Waterwheel, Colorado Springs · 4.17% FHA vs 6.5% conventional

$438
per month
$5,259
per year
$157,758
over 30 years
$166,633
interest saved
🏠

Back to This Listing

View photos, details, and request a showing for 7350 Waterwheel.

View Listing Details
📈

Interested in This Home?

Get full loan details and schedule a showing. Free, no obligation.

Free. No spam. We personally respond within 24 hours.

By submitting, you consent to be contacted by The Assumable Guy via phone, text, and email regarding assumable mortgage properties. Message & data rates may apply. Reply STOP to opt out.