Loan Comparison: 3.04% vs 6.5%
6 Wallflower Court, Pueblo, CO 81001 · 3bd/2ba · $339,900
List Price
$339,900
Assumable Rate
3.04%
Remaining Balance
$269,898
Equity Gap
$70,001
Loan Type
VAAdjust Your Scenario
$16,995
$16,995$70,001
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.04% (VA)
Blended Rate: 3.77%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,041/moAssumable @ 3.04% + gap loan
$1,514/moAssumed loan: $1,144/mo
Gap financing: $371/mo
$527less per month with the assumable
Your Savings on This Property
6 Wallflower Court, Pueblo · 3.04% VA vs 6.5% conventional
$527
per month
$6,319
per year
$189,584
over 30 years
$189,583
interest saved
How gap financing works: The equity gap ($70,001) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,995, 5% of purchase price) and a second mortgage for the rest ($53,006 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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