🏠The Assumable Guy

Loan Comparison: 3.07% vs 6.5%

2610 Glenwood, Colorado Springs, CO 80906 · 3bd/1ba · $275,000

List Price
$275,000
Assumable Rate
3.07%
Remaining Balance
$284,614
Equity Gap
$-9,614
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($-9,614) is less than 5% of the purchase price ($13,750). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-9,614
Effective Rate
3.07%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,651/mo
Assumable @ 3.07%
$1,211/mo
$441less per month with the assumable

Your Savings on This Property

2610 Glenwood, Colorado Springs · 3.07% FHA vs 6.5% conventional

$441
per month
$5,287
per year
$158,602
over 30 years
$181,966
interest saved
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