Loan Comparison: 5.23% vs 6.5%
1317 Alexander Circle, Pueblo, CO 81001 · 4bd/3ba · $350,000
List Price
$350,000
Assumable Rate
5.23%
Remaining Balance
$302,489
Equity Gap
$47,511
Loan Type
VAAdjust Your Scenario
$17,500
$17,500$47,511
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.23% (VA)
Blended Rate: 5.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,102/moAssumable @ 5.23% + gap loan
$1,876/moAssumed loan: $1,667/mo
Gap financing: $210/mo
$225less per month with the assumable
Your Savings on This Property
1317 Alexander Circle, Pueblo · 5.23% VA vs 6.5% conventional
$225
per month
$2,702
per year
$81,063
over 30 years
$81,063
interest saved
How gap financing works: The equity gap ($47,511) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,500, 5% of purchase price) and a second mortgage for the rest ($30,011 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.
🏠
Back to This Listing
View photos, details, and request a showing for 1317 Alexander Circle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.