🏠The Assumable Guy
505 Cedar Street
VA Assumable
4.07% Rate
40 photos
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505 Cedar Street

Colorado Springs, CO 80903

5
Bedrooms
4
Bathrooms
3,484
Sq Ft

Payment Calculator

$2,410
per month, total
$21,250
cash you bring

In an assumption, your down payment covers the seller's equity. You'll need at least 5% of the purchase price in cash, and the rest can be covered with secondary financing.

How much can you bring down?$21,250
$21,250$235,365
Second loan$214,115
%
Blended rate5.89% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,552/mo
Assumable @ 4.07% + gap
$2,410/mo
$142less per month
$142
per month
$1,702
per year
$51,062
over 30 years

Estimates only, not a loan offer, quote, or approval. Payments are principal and interest and exclude taxes, insurance, HOA dues and closing costs. The second-loan rate is an assumption you can edit, not a quoted rate. Assumption terms are subject to lender and servicer approval and verification.

See Full Loan Breakdown →

🏦 Loan Details

List Price
$425,000
Assumable Rate
4.07%
Remaining Balance
$189,634
Loan Type
VA
Est. Equity Gap
$235,365

Listing information is deemed reliable but not guaranteed. All data provided by the MLS and is subject to change. The Assumable Guy is not the listing agent for this property. Contact us to connect with the listing agent and explore assumable financing options.

This listing
$425,000
4.07% rateVASave $142/mo

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📞 (719) 624-3472