🏠The Assumable Guy

Loan Comparison: 2.87% vs 6.5%

411 Lakewood, Colorado Springs, CO 80910 · 1bd/1ba · $185,000

List Price
$185,000
Assumable Rate
2.87%
Remaining Balance
$177,164
Equity Gap
$8,233
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($8,233) is less than 5% of the purchase price ($9,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$8,233
Effective Rate
2.87%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,111/mo
Assumable @ 2.87%
$735/mo
$376less per month with the assumable

Your Savings on This Property

411 Lakewood, Colorado Springs · 2.87% VA vs 6.5% conventional

$376
per month
$4,516
per year
$135,465
over 30 years
$136,879
interest saved
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