Loan Comparison: 4.98% vs 6.5%
1196 Picketwire, Pueblo West, CO 81007 · 5bd/3ba · $474,000
List Price
$474,000
Assumable Rate
4.98%
Remaining Balance
$439,200
Equity Gap
$59,678
Loan Type
VAAdjust Your Scenario
$23,700
$23,700$59,678
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (VA)
Blended Rate: 5.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,846/moAssumable @ 4.98% + gap loan
$2,629/moAssumed loan: $2,352/mo
Gap financing: $277/mo
$217less per month with the assumable
Your Savings on This Property
1196 Picketwire, Pueblo West · 4.98% VA vs 6.5% conventional
$217
per month
$2,606
per year
$78,195
over 30 years
$103,073
interest saved
How gap financing works: The equity gap ($59,678) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,700, 5% of purchase price) and a second mortgage for the rest ($35,978 at 8.5%). 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.
🏠
Back to This Listing
View photos, details, and request a showing for 1196 Picketwire.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.