🏠The Assumable Guy

Loan Comparison: 4.17% vs 6.5%

7724 Canyon Oak, Colorado Springs, CO 80922 · 4bd/4ba · $530,000

List Price
$530,000
Assumable Rate
4.17%
Remaining Balance
$505,347
Equity Gap
$25,539
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($25,539) is less than 5% of the purchase price ($26,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$25,539
Effective Rate
4.17%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,182/mo
Assumable @ 4.17%
$2,462/mo
$720less per month with the assumable

Your Savings on This Property

7724 Canyon Oak, Colorado Springs · 4.17% VA vs 6.5% conventional

$720
per month
$8,641
per year
$259,225
over 30 years
$261,072
interest saved
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