🏠The Assumable Guy

Loan Comparison: 5.41% vs 6.5%

6382 Barr, Colorado Springs, CO 80924 · 3bd/3ba · $493,000

List Price
$493,000
Assumable Rate
5.41%
Remaining Balance
$470,938
Equity Gap
$22,061
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($22,061) is less than 5% of the purchase price ($24,650). Your down payment covers the full gap with no second mortgage required.

Down Payment
$22,061
Effective Rate
5.41%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$2,960/mo
Assumable @ 5.41%
$2,647/mo
$313less per month with the assumable

Your Savings on This Property

6382 Barr, Colorado Springs · 5.41% VA vs 6.5% conventional

$313
per month
$3,755
per year
$112,640
over 30 years
$115,228
interest saved
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