🏠The Assumable Guy

Loan Comparison: 5.23% vs 6.5%

7784 Frigid Air, Colorado Springs, CO 80908 · 4bd/4ba · $460,000

List Price
$460,000
Assumable Rate
5.23%
Remaining Balance
$498,249
Equity Gap
$-38,249
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-38,249) is less than 5% of the purchase price ($23,000). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-38,249
Effective Rate
5.23%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,762/mo
Assumable @ 5.23%
$2,745/mo
$17less per month with the assumable

Your Savings on This Property

7784 Frigid Air, Colorado Springs · 5.23% VA vs 6.5% conventional

$17
per month
$203
per year
$6,104
over 30 years
$67,353
interest saved
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