🏠The Assumable Guy

Loan Comparison: 4.98% vs 6.5%

4365 Drummond, Colorado Springs, CO 80906 · 3bd/1ba · $317,500

List Price
$317,500
Assumable Rate
4.98%
Remaining Balance
$321,046
Equity Gap
$-3,546
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-3,546) is less than 5% of the purchase price ($15,875). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-3,546
Effective Rate
4.98%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,906/mo
Assumable @ 4.98%
$1,720/mo
$187less per month with the assumable

Your Savings on This Property

4365 Drummond, Colorado Springs · 4.98% VA vs 6.5% conventional

$187
per month
$2,243
per year
$67,303
over 30 years
$86,724
interest saved
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