Loan Comparison: 6.67% vs 6.5%
2025 Greenwood Street, Pueblo, CO 81003 · 3bd/2ba · $220,000
List Price
$220,000
Assumable Rate
6.67%
Remaining Balance
$68,891
Equity Gap
$151,109
Loan Type
FHAAdjust Your Scenario
$11,000
$11,000$151,109
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.67% (FHA)
Blended Rate: 7.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,321/moAssumable @ 6.67% + gap loan
$1,423/moAssumed loan: $443/mo
Gap financing: $980/mo
Your Savings on This Property
2025 Greenwood Street, Pueblo · 6.67% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($151,109) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,000, 5% of purchase price) and a second mortgage for the rest ($140,109 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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