🏠The Assumable Guy

Loan Comparison: 5.625% vs 6.5%

2275 San Marcos, Colorado Springs, CO 80910 · 3bd/2ba · $350,000

List Price
$350,000
Assumable Rate
5.625%
Remaining Balance
$339,191
Equity Gap
$11,602
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($11,602) is less than 5% of the purchase price ($17,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$11,602
Effective Rate
5.625%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,102/mo
Assumable @ 5.625%
$1,953/mo
$149less per month with the assumable

Your Savings on This Property

2275 San Marcos, Colorado Springs · 5.625% VA vs 6.5% conventional

$149
per month
$1,789
per year
$53,659
over 30 years
$60,350
interest saved
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