Loan Comparison: 3.69% vs 6.5%
612 Harrison, Pueblo, CO 81004 · 3bd/2ba · $339,900
List Price
$339,900
Assumable Rate
3.69%
Remaining Balance
$331,963
Equity Gap
$33,446
Loan Type
VAAdjust Your Scenario
$16,995
$16,995$33,446
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 3.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,041/moAssumable @ 3.69% + gap loan
$1,653/moAssumed loan: $1,526/mo
Gap financing: $126/mo
$388less per month with the assumable
Your Savings on This Property
612 Harrison, Pueblo · 3.69% VA vs 6.5% conventional
$388
per month
$4,661
per year
$139,822
over 30 years
$165,331
interest saved
How gap financing works: The equity gap ($33,446) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,995, 5% of purchase price) and a second mortgage for the rest ($16,451 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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