🏠The Assumable Guy

Loan Comparison: 5.25% vs 6.5%

969 Dawn Break, Colorado Springs, CO 80910 · 3bd/3ba · $390,000

List Price
$390,000
Assumable Rate
5.25%
Remaining Balance
$380,912
Equity Gap
$9,659
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($9,659) is less than 5% of the purchase price ($19,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$9,659
Effective Rate
5.25%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,342/mo
Assumable @ 5.25%
$2,103/mo
$238less per month with the assumable

Your Savings on This Property

969 Dawn Break, Colorado Springs · 5.25% VA vs 6.5% conventional

$238
per month
$2,861
per year
$85,825
over 30 years
$96,237
interest saved
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