Loan Comparison: 5.3% vs 6.5%
1932 Oneal Avenue, Pueblo, CO 81004 · 4bd/3ba · $345,000
List Price
$345,000
Assumable Rate
5.3%
Remaining Balance
$324,571
Equity Gap
$20,428
Loan Type
VAAdjust Your Scenario
$17,250
$17,250$20,428
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.3% (VA)
Blended Rate: 5.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,072/moAssumable @ 5.3% + gap loan
$1,825/moAssumed loan: $1,802/mo
Gap financing: $22/mo
$247less per month with the assumable
Your Savings on This Property
1932 Oneal Avenue, Pueblo · 5.3% VA vs 6.5% conventional
$247
per month
$2,964
per year
$88,929
over 30 years
$88,928
interest saved
How gap financing works: The equity gap ($20,428) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,250, 5% of purchase price) and a second mortgage for the rest ($3,178 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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