🏠The Assumable Guy

Loan Comparison: 4.98% vs 6.5%

6680 Balance, Colorado Springs, CO 80923 · 5bd/4ba · $518,000

List Price
$518,000
Assumable Rate
4.98%
Remaining Balance
$495,799
Equity Gap
$21,433
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($21,433) is less than 5% of the purchase price ($25,900). Your down payment covers the full gap with no second mortgage required.

Down Payment
$21,433
Effective Rate
4.98%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,110/mo
Assumable @ 4.98%
$2,655/mo
$455less per month with the assumable

Your Savings on This Property

6680 Balance, Colorado Springs · 4.98% VA vs 6.5% conventional

$455
per month
$5,459
per year
$163,767
over 30 years
$167,466
interest saved
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