Loan Comparison: 4.72% vs 6.5%
2530 Torino Way, Pueblo, CO 81001 · 4bd/3ba · $420,000
List Price
$420,000
Assumable Rate
4.72%
Remaining Balance
$397,263
Equity Gap
$22,736
Loan Type
VAAdjust Your Scenario
$21,000
$21,000$22,736
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.72% (VA)
Blended Rate: 4.73%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,522/moAssumable @ 4.72% + gap loan
$2,077/moAssumed loan: $2,065/mo
Gap financing: $12/mo
$445less per month with the assumable
Your Savings on This Property
2530 Torino Way, Pueblo · 4.72% VA vs 6.5% conventional
$445
per month
$5,336
per year
$160,084
over 30 years
$160,083
interest saved
How gap financing works: The equity gap ($22,736) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,000, 5% of purchase price) and a second mortgage for the rest ($1,736 at 7.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
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