Loan Comparison: 6.65% vs 6.5%
22 Heatherwood Lane, Pueblo, CO 81008 · 3bd/2ba · $315,000
List Price
$315,000
Assumable Rate
6.65%
Remaining Balance
$276,063
Equity Gap
$38,936
Loan Type
VAAdjust Your Scenario
$15,750
$15,750$38,936
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.65% (VA)
Blended Rate: 6.72%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,891/moAssumable @ 6.65% + gap loan
$1,934/moAssumed loan: $1,772/mo
Gap financing: $162/mo
Your Savings on This Property
22 Heatherwood Lane, Pueblo · 6.65% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($38,936) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,750, 5% of purchase price) and a second mortgage for the rest ($23,186 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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