Loan Comparison: 5.41% vs 6.5%
645 Greenway Avenue, Pueblo, CO 81007 · 3bd/2ba · $439,000
List Price
$439,000
Assumable Rate
5.41%
Remaining Balance
$400,067
Equity Gap
$38,932
Loan Type
VAAdjust Your Scenario
$21,950
$21,950$38,932
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (VA)
Blended Rate: 5.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,636/moAssumable @ 5.41% + gap loan
$2,368/moAssumed loan: $2,249/mo
Gap financing: $119/mo
$268less per month with the assumable
Your Savings on This Property
645 Greenway Avenue, Pueblo · 5.41% VA vs 6.5% conventional
$268
per month
$3,220
per year
$96,589
over 30 years
$96,588
interest saved
How gap financing works: The equity gap ($38,932) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,950, 5% of purchase price) and a second mortgage for the rest ($16,982 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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