Loan Comparison: 7.08% vs 6.5%
116 Adams Avenue, Pueblo, CO 81004 · 3bd/3ba · $269,999
List Price
$269,999
Assumable Rate
7.08%
Remaining Balance
$200,773
Equity Gap
$69,225
Loan Type
VAAdjust Your Scenario
$13,500
$13,500$69,225
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.08% (VA)
Blended Rate: 7.17%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,621/moAssumable @ 7.08% + gap loan
$1,736/moAssumed loan: $1,347/mo
Gap financing: $390/mo
Your Savings on This Property
116 Adams Avenue, Pueblo · 7.08% 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 ($69,225) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,500, 5% of purchase price) and a second mortgage for the rest ($55,725 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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