🏠The Assumable Guy

Loan Comparison: 5.1% vs 6.5%

4365 Drummond, Colorado Springs, CO 80906 · 3bd/1ba · $319,900

List Price
$319,900
Assumable Rate
5.1%
Remaining Balance
$321,476
Equity Gap
$-1,576
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($-1,576) is less than 5% of the purchase price ($15,995). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-1,576
Effective Rate
5.1%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,921/mo
Assumable @ 5.1%
$1,745/mo
$175less per month with the assumable

Your Savings on This Property

4365 Drummond, Colorado Springs · 5.1% VA vs 6.5% conventional

$175
per month
$2,105
per year
$63,156
over 30 years
$80,727
interest saved
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