Loan Comparison: 6.3% vs 6.5%
3434 Bella Luna Drive, Pueblo, CO 81001 · 3bd/2ba · $420,000
List Price
$420,000
Assumable Rate
6.3%
Remaining Balance
$377,586
Equity Gap
$42,414
Loan Type
VAAdjust Your Scenario
$21,000
$21,000$42,414
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.3% (VA)
Blended Rate: 6.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,522/moAssumable @ 6.3% + gap loan
$2,487/moAssumed loan: $2,337/mo
Gap financing: $150/mo
$35less per month with the assumable
Your Savings on This Property
3434 Bella Luna Drive, Pueblo · 6.3% VA vs 6.5% conventional
$35
per month
$421
per year
$12,624
over 30 years
$12,624
interest saved
How gap financing works: The equity gap ($42,414) 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 ($21,414 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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