🏠The Assumable Guy

Loan Comparison: 4.75% vs 6.5%

1376 Flannagan, Erie, CO 80516 · 4bd/4ba · $649,900

List Price
$649,900
Assumable Rate
4.75%
Remaining Balance
$668,275
Equity Gap
$-18,375
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-18,375) is less than 5% of the purchase price ($32,495). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-18,375
Effective Rate
4.75%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,902/mo
Assumable @ 4.75%
$3,486/mo
$416less per month with the assumable

Your Savings on This Property

1376 Flannagan, Erie · 4.75% VA vs 6.5% conventional

$416
per month
$4,997
per year
$149,897
over 30 years
$200,767
interest saved
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