Loan Comparison: 3.85% vs 6.5%
38 Macalester, Pueblo, CO 81001 · 4bd/2ba · $315,000
List Price
$315,000
Assumable Rate
3.85%
Remaining Balance
$282,844
Equity Gap
$32,155
Loan Type
VAAdjust Your Scenario
$15,750
$15,750$32,155
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.85% (VA)
Blended Rate: 4.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,891/moAssumable @ 3.85% + gap loan
$1,452/moAssumed loan: $1,326/mo
Gap financing: $126/mo
$439less per month with the assumable
Your Savings on This Property
38 Macalester, Pueblo · 3.85% VA vs 6.5% conventional
$439
per month
$5,272
per year
$158,158
over 30 years
$158,157
interest saved
How gap financing works: The equity gap ($32,155) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,750, 5% of purchase price) and a second mortgage for the rest ($16,405 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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