Loan Comparison: 5.25% vs 6.5%
1145 Euclid, Pueblo, CO 81004 · 2bd/1ba · $239,000
List Price
$239,000
Assumable Rate
5.25%
Remaining Balance
$222,241
Equity Gap
$16,758
Loan Type
FHAAdjust Your Scenario
$11,950
$11,950$16,758
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.25% (FHA)
Blended Rate: 5.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,435/moAssumable @ 5.25% + gap loan
$1,264/moAssumed loan: $1,227/mo
Gap financing: $37/mo
$171less per month with the assumable
Your Savings on This Property
1145 Euclid, Pueblo · 5.25% FHA vs 6.5% conventional
$171
per month
$2,051
per year
$61,531
over 30 years
$61,530
interest saved
How gap financing works: The equity gap ($16,758) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($11,950, 5% of purchase price) and a second mortgage for the rest ($4,808 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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