Loan Comparison: 6.79% vs 6.5%
1528 Alexander Circle, Pueblo, CO 81001 · 5bd/4ba · $370,000
List Price
$370,000
Assumable Rate
6.79%
Remaining Balance
$328,592
Equity Gap
$41,408
Loan Type
VAAdjust Your Scenario
$18,500
$18,500$41,408
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.79% (VA)
Blended Rate: 6.84%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,222/moAssumable @ 6.79% + gap loan
$2,300/moAssumed loan: $2,140/mo
Gap financing: $160/mo
Your Savings on This Property
1528 Alexander Circle, Pueblo · 6.79% 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 ($41,408) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,500, 5% of purchase price) and a second mortgage for the rest ($22,908 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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