Loan Comparison: 7.18% vs 6.5%
187 University Circle, Pueblo, CO 81005 · 2bd/1ba · $334,900
List Price
$334,900
Assumable Rate
7.18%
Remaining Balance
$294,383
Equity Gap
$40,516
Loan Type
FHAAdjust Your Scenario
$16,745
$16,745$40,516
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.18% (FHA)
Blended Rate: 7.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,011/moAssumable @ 7.18% + gap loan
$2,160/moAssumed loan: $1,994/mo
Gap financing: $166/mo
Your Savings on This Property
187 University Circle, Pueblo · 7.18% 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 ($40,516) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,745, 5% of purchase price) and a second mortgage for the rest ($23,771 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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