🏠The Assumable Guy

Loan Comparison: 3.45% vs 6.5%

3621 Purdue, Colorado Springs, CO 80909 · 4bd/2ba · $365,000

List Price
$365,000
Assumable Rate
3.45%
Remaining Balance
$350,223
Equity Gap
$14,777
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($14,777) is less than 5% of the purchase price ($18,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$14,777
Effective Rate
3.45%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,192/mo
Assumable @ 3.45%
$1,563/mo
$629less per month with the assumable

Your Savings on This Property

3621 Purdue, Colorado Springs · 3.45% VA vs 6.5% conventional

$629
per month
$7,546
per year
$226,367
over 30 years
$229,840
interest saved
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