🏠The Assumable Guy

Loan Comparison: 3.07% vs 6.5%

6635 Carriage Meadows, Colorado Springs, CO 80925 · 3bd/3ba · $385,000

List Price
$385,000
Assumable Rate
3.07%
Remaining Balance
$368,382
Equity Gap
$16,618
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($16,618) is less than 5% of the purchase price ($19,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$16,618
Effective Rate
3.07%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,312/mo
Assumable @ 3.07%
$1,567/mo
$745less per month with the assumable

Your Savings on This Property

6635 Carriage Meadows, Colorado Springs · 3.07% VA vs 6.5% conventional

$745
per month
$8,937
per year
$268,104
over 30 years
$270,736
interest saved
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