🏠The Assumable Guy

Loan Comparison: 2.87% vs 6.5%

6764 Yocona, Colorado Springs, CO 80925 · 4bd/3ba · $425,000

List Price
$425,000
Assumable Rate
2.87%
Remaining Balance
$541,265
Equity Gap
$-116,265
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-116,265) is less than 5% of the purchase price ($21,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-116,265
Effective Rate
2.87%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,552/mo
Assumable @ 2.87%
$2,244/mo
$308less per month with the assumable

Your Savings on This Property

6764 Yocona, Colorado Springs · 2.87% VA vs 6.5% conventional

$308
per month
$3,693
per year
$110,791
over 30 years
$248,306
interest saved
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