🏠The Assumable Guy

Loan Comparison: 5.23% vs 6.5%

1014 Petra, Colorado Springs, CO 80916 · 3bd/3ba · $426,000

List Price
$426,000
Assumable Rate
5.23%
Remaining Balance
$410,108
Equity Gap
$15,278
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($15,278) is less than 5% of the purchase price ($21,300). Your down payment covers the full gap with no second mortgage required.

Down Payment
$15,278
Effective Rate
5.23%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,558/mo
Assumable @ 5.23%
$2,260/mo
$298less per month with the assumable

Your Savings on This Property

1014 Petra, Colorado Springs · 5.23% VA vs 6.5% conventional

$298
per month
$3,581
per year
$107,433
over 30 years
$112,841
interest saved
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