🏠The Assumable Guy

Loan Comparison: 2.9% vs 6.5%

1710 Rock Ridge, Colorado Springs, CO 80926 · 3bd/3ba · $699,000

List Price
$699,000
Assumable Rate
2.9%
Remaining Balance
$733,303
Equity Gap
$-34,303
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-34,303) is less than 5% of the purchase price ($34,950). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-34,303
Effective Rate
2.9%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$4,197/mo
Assumable @ 2.9%
$3,052/mo
$1,145less per month with the assumable

Your Savings on This Property

1710 Rock Ridge, Colorado Springs · 2.9% VA vs 6.5% conventional

$1,145
per month
$13,740
per year
$412,207
over 30 years
$481,460
interest saved
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