🏠The Assumable Guy

Loan Comparison: 3.76% vs 6.5%

5309 Sky Top, Colorado Springs, CO 80918 · 3bd/3ba · $450,000

List Price
$450,000
Assumable Rate
3.76%
Remaining Balance
$457,641
Equity Gap
$-7,641
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-7,641) is less than 5% of the purchase price ($22,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-7,641
Effective Rate
3.76%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,702/mo
Assumable @ 3.76%
$2,122/mo
$580less per month with the assumable

Your Savings on This Property

5309 Sky Top, Colorado Springs · 3.76% VA vs 6.5% conventional

$580
per month
$6,961
per year
$208,831
over 30 years
$238,972
interest saved
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