🏠The Assumable Guy

Loan Comparison: 3.08% vs 6.5%

5015 Old Fountain, Colorado Springs, CO 80916 · 4bd/3ba · $380,000

List Price
$380,000
Assumable Rate
3.08%
Remaining Balance
$382,456
Equity Gap
$-2,456
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-2,456) is less than 5% of the purchase price ($19,000). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-2,456
Effective Rate
3.08%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,282/mo
Assumable @ 3.08%
$1,629/mo
$653less per month with the assumable

Your Savings on This Property

5015 Old Fountain, Colorado Springs · 3.08% VA vs 6.5% conventional

$653
per month
$7,833
per year
$234,996
over 30 years
$256,452
interest saved
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