Loan Comparison: 3.33% vs 6.5%
1120 Alexander Circle, Pueblo, CO 81001 · 3bd/2ba · $224,900
List Price
$224,900
Assumable Rate
3.33%
Remaining Balance
$122,122
Equity Gap
$102,778
Loan Type
VAAdjust Your Scenario
$11,245
$11,245$102,778
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.33% (VA)
Blended Rate: 5.12%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,350/moAssumable @ 3.33% + gap loan
$1,177/moAssumed loan: $537/mo
Gap financing: $640/mo
$174less per month with the assumable
Your Savings on This Property
1120 Alexander Circle, Pueblo · 3.33% VA vs 6.5% conventional
$174
per month
$2,083
per year
$62,486
over 30 years
$62,486
interest saved
How gap financing works: The equity gap ($102,778) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,245, 5% of purchase price) and a second mortgage for the rest ($91,533 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 1120 Alexander Circle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.