🏠The Assumable Guy

Loan Comparison: 4.98% vs 6.5%

4075 Tiberias, Colorado Springs, CO 80916 · 2bd/3ba · $340,000

List Price
$340,000
Assumable Rate
4.98%
Remaining Balance
$352,108
Equity Gap
$-12,108
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-12,108) is less than 5% of the purchase price ($17,000). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-12,108
Effective Rate
4.98%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,042/mo
Assumable @ 4.98%
$1,886/mo
$156less per month with the assumable

Your Savings on This Property

4075 Tiberias, Colorado Springs · 4.98% VA vs 6.5% conventional

$156
per month
$1,868
per year
$56,048
over 30 years
$85,156
interest saved
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