Loan Comparison: 3.09% vs 6.5%
5101 Goldking Road, Pueblo, CO 81008 · 2bd/1ba · $369,999
List Price
$369,999
Assumable Rate
3.09%
Remaining Balance
$326,957
Equity Gap
$43,042
Loan Type
VAAdjust Your Scenario
$18,500
$18,500$43,042
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.09% (VA)
Blended Rate: 3.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,222/moAssumable @ 3.09% + gap loan
$1,566/moAssumed loan: $1,394/mo
Gap financing: $172/mo
$656less per month with the assumable
Your Savings on This Property
5101 Goldking Road, Pueblo · 3.09% VA vs 6.5% conventional
$656
per month
$7,869
per year
$236,062
over 30 years
$236,062
interest saved
How gap financing works: The equity gap ($43,042) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,500, 5% of purchase price) and a second mortgage for the rest ($24,542 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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