Loan Comparison: 6.73% vs 6.5%
5328 Gannet Lane, Pueblo, CO 81008 · 3bd/2ba · $350,000
List Price
$350,000
Assumable Rate
6.73%
Remaining Balance
$234,285
Equity Gap
$115,714
Loan Type
VAAdjust Your Scenario
$17,500
$17,500$115,714
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.73% (VA)
Blended Rate: 6.96%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,102/moAssumable @ 6.73% + gap loan
$2,203/moAssumed loan: $1,516/mo
Gap financing: $687/mo
Your Savings on This Property
5328 Gannet Lane, Pueblo · 6.73% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($115,714) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,500, 5% of purchase price) and a second mortgage for the rest ($98,214 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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