🏠The Assumable Guy

Loan Comparison: 3.1% vs 6.5%

3021 Garland, Colorado Springs, CO 80910 · 3bd/2ba · $389,000

List Price
$389,000
Assumable Rate
3.1%
Remaining Balance
$385,355
Equity Gap
$4,450
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($4,450) is less than 5% of the purchase price ($19,450). Your down payment covers the full gap with no second mortgage required.

Down Payment
$4,450
Effective Rate
3.1%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,336/mo
Assumable @ 3.1%
$1,646/mo
$690less per month with the assumable

Your Savings on This Property

3021 Garland, Colorado Springs · 3.1% VA vs 6.5% conventional

$690
per month
$8,283
per year
$248,500
over 30 years
$264,305
interest saved
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