🏠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
$353,514
Equity Gap
$7,415
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($7,415) is less than 5% of the purchase price ($17,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$7,415
Effective Rate
4.17%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,102/mo
Assumable @ 4.17%
$1,723/mo
$379less per month with the assumable

Your Savings on This Property

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

$379
per month
$4,549
per year
$136,464
over 30 years
$157,478
interest saved
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