🏠The Assumable Guy

Loan Comparison: 2.98% vs 6.5%

7170 Painted Rock, Colorado Springs, CO 80911 · 4bd/2ba · $359,900

List Price
$359,900
Assumable Rate
2.98%
Remaining Balance
$393,680
Equity Gap
$5,342
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($5,342) is less than 5% of the purchase price ($17,995). Your down payment covers the full gap with no second mortgage required.

Down Payment
$5,342
Effective Rate
2.98%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,161/mo
Assumable @ 2.98%
$1,656/mo
$506less per month with the assumable

Your Savings on This Property

7170 Painted Rock, Colorado Springs · 2.98% VA vs 6.5% conventional

$506
per month
$6,067
per year
$181,996
over 30 years
$233,771
interest saved
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