🏠The Assumable Guy

Loan Comparison: 5.52% vs 6.5%

1522 Wynkoop, Colorado Springs, CO 80909 · 5bd/2ba · $364,900

List Price
$364,900
Assumable Rate
5.52%
Remaining Balance
$352,326
Equity Gap
$12,573
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($12,573) is less than 5% of the purchase price ($18,245). Your down payment covers the full gap with no second mortgage required.

Down Payment
$12,573
Effective Rate
5.52%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,191/mo
Assumable @ 5.52%
$2,005/mo
$186less per month with the assumable

Your Savings on This Property

1522 Wynkoop, Colorado Springs · 5.52% FHA vs 6.5% conventional

$186
per month
$2,234
per year
$67,033
over 30 years
$72,704
interest saved
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