Loan Comparison: 6.89% vs 6.5%
2413 Cruz Court, Pueblo, CO 81003 · 3bd/2ba · $333,900
List Price
$333,900
Assumable Rate
6.89%
Remaining Balance
$306,572
Equity Gap
$27,328
Loan Type
VAAdjust Your Scenario
$16,695
$16,695$27,328
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.89% (VA)
Blended Rate: 6.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,005/moAssumable @ 6.89% + gap loan
$2,091/moAssumed loan: $2,017/mo
Gap financing: $74/mo
Your Savings on This Property
2413 Cruz Court, Pueblo · 6.89% 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 ($27,328) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,695, 5% of purchase price) and a second mortgage for the rest ($10,633 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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