Loan Comparison: 3.47% vs 6.5%
3538 Raccoon Lane, Pueblo, CO 81005 · 4bd/2ba · $439,900
List Price
$439,900
Assumable Rate
3.47%
Remaining Balance
$179,856
Equity Gap
$260,044
Loan Type
VAAdjust Your Scenario
$21,995
$21,995$260,044
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (VA)
Blended Rate: 5.77%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,641/moAssumable @ 3.47% + gap loan
$2,469/moAssumed loan: $805/mo
Gap financing: $1,664/mo
$172less per month with the assumable
Your Savings on This Property
3538 Raccoon Lane, Pueblo · 3.47% VA vs 6.5% conventional
$172
per month
$2,068
per year
$62,044
over 30 years
$62,044
interest saved
How gap financing works: The equity gap ($260,044) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,995, 5% of purchase price) and a second mortgage for the rest ($238,049 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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