🏠The Assumable Guy

Loan Comparison: 2.9% vs 6.5%

4867 Painted Sky, Colorado Springs, CO 80916 · 3bd/3ba · $275,000

List Price
$275,000
Assumable Rate
2.9%
Remaining Balance
$313,165
Equity Gap
$-38,165
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-38,165) is less than 5% of the purchase price ($13,750). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-38,165
Effective Rate
2.9%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,651/mo
Assumable @ 2.9%
$1,303/mo
$348less per month with the assumable

Your Savings on This Property

4867 Painted Sky, Colorado Springs · 2.9% VA vs 6.5% conventional

$348
per month
$4,173
per year
$125,205
over 30 years
$177,120
interest saved
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