Loan Comparison: 3.23% vs 6.5%
668 Milt Drive, Pueblo, CO 81007 · 3bd/2ba · $500,000
List Price
$500,000
Assumable Rate
3.23%
Remaining Balance
$177,921
Equity Gap
$322,079
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$322,079
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 5.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.23% + gap loan
$2,850/moAssumed loan: $772/mo
Gap financing: $2,077/mo
$153less per month with the assumable
Your Savings on This Property
668 Milt Drive, Pueblo · 3.23% VA vs 6.5% conventional
$153
per month
$1,833
per year
$54,983
over 30 years
$54,983
interest saved
How gap financing works: The equity gap ($322,079) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($297,079 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 668 Milt Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.