Loan Comparison: 3.07% vs 6.5%
1352 Blue Lake, Pueblo, CO 81007 · 3bd/2ba · $410,000
List Price
$410,000
Assumable Rate
3.07%
Remaining Balance
$367,200
Equity Gap
$74,554
Loan Type
VAAdjust Your Scenario
$20,500
$20,500$74,554
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.77%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,462/moAssumable @ 3.07% + gap loan
$1,978/moAssumed loan: $1,562/mo
Gap financing: $416/mo
$484less per month with the assumable
Your Savings on This Property
1352 Blue Lake, Pueblo · 3.07% VA vs 6.5% conventional
$484
per month
$5,811
per year
$174,330
over 30 years
$206,084
interest saved
How gap financing works: The equity gap ($74,554) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,500, 5% of purchase price) and a second mortgage for the rest ($54,054 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.
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