🏠The Assumable Guy

Loan Comparison: 4.75% vs 6.5%

1376 Flannagan, Erie, CO 80516 · 4bd/4ba · $625,000

List Price
$625,000
Assumable Rate
4.75%
Remaining Balance
$654,604
Equity Gap
$-29,604
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-29,604) is less than 5% of the purchase price ($31,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-29,604
Effective Rate
4.75%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,753/mo
Assumable @ 4.75%
$3,415/mo
$338less per month with the assumable

Your Savings on This Property

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

$338
per month
$4,058
per year
$121,745
over 30 years
$182,599
interest saved
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