Loan Comparison: 6.33% vs 6.5%
545 Tidy Drive, Pueblo West, CO 81007 · 4bd/3ba · $400,000
List Price
$400,000
Assumable Rate
6.33%
Remaining Balance
$367,267
Equity Gap
$32,732
Loan Type
VAAdjust Your Scenario
$20,000
$20,000$32,732
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.33% (VA)
Blended Rate: 6.37%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 6.33% + gap loan
$2,369/moAssumed loan: $2,280/mo
Gap financing: $89/mo
$32less per month with the assumable
Your Savings on This Property
545 Tidy Drive, Pueblo West · 6.33% VA vs 6.5% conventional
$32
per month
$388
per year
$11,651
over 30 years
$11,650
interest saved
How gap financing works: The equity gap ($32,732) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($12,732 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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