🏠The Assumable Guy

Loan Comparison: 3.08% vs 6.5%

5015 Old Fountain, Colorado Springs, CO 80916 · 4bd/3ba · $350,000

List Price
$350,000
Assumable Rate
3.08%
Remaining Balance
$382,550
Equity Gap
$-32,550
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-32,550) is less than 5% of the purchase price ($17,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-32,550
Effective Rate
3.08%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,102/mo
Assumable @ 3.08%
$1,629/mo
$472less per month with the assumable

Your Savings on This Property

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

$472
per month
$5,667
per year
$170,002
over 30 years
$220,052
interest saved
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