🏠The Assumable Guy

Loan Comparison: 3.07% vs 6.5%

7558 Forest Valley, Colorado Springs, CO 80908 · 5bd/3ba · $450,000

List Price
$450,000
Assumable Rate
3.07%
Remaining Balance
$458,641
Equity Gap
$-8,641
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-8,641) is less than 5% of the purchase price ($22,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-8,641
Effective Rate
3.07%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,702/mo
Assumable @ 3.07%
$1,951/mo
$751less per month with the assumable

Your Savings on This Property

7558 Forest Valley, Colorado Springs · 3.07% VA vs 6.5% conventional

$751
per month
$9,013
per year
$270,390
over 30 years
$301,531
interest saved
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