Loan Comparison: 5.27% vs 6.5%
2209 Sunrise Lane, Pueblo, CO 81007 · 3bd/2ba · $380,000
List Price
$380,000
Assumable Rate
5.27%
Remaining Balance
$337,896
Equity Gap
$42,103
Loan Type
VAAdjust Your Scenario
$19,000
$19,000$42,103
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.27% (VA)
Blended Rate: 5.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,282/moAssumable @ 5.27% + gap loan
$2,032/moAssumed loan: $1,870/mo
Gap financing: $162/mo
$250less per month with the assumable
Your Savings on This Property
2209 Sunrise Lane, Pueblo · 5.27% VA vs 6.5% conventional
$250
per month
$3,002
per year
$90,059
over 30 years
$90,058
interest saved
How gap financing works: The equity gap ($42,103) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,000, 5% of purchase price) and a second mortgage for the rest ($23,103 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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