Loan Comparison: 3.07% vs 6.5%
1344 Blazing Star, Pueblo, CO 81007 · 3bd/2ba · $360,000
List Price
$360,000
Assumable Rate
3.07%
Remaining Balance
$373,022
Equity Gap
$18,523
Loan Type
VAAdjust Your Scenario
$18,000
$18,000$18,523
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.08%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,162/moAssumable @ 3.07% + gap loan
$1,591/moAssumed loan: $1,587/mo
Gap financing: $4/mo
$571less per month with the assumable
Your Savings on This Property
1344 Blazing Star, Pueblo · 3.07% VA vs 6.5% conventional
$571
per month
$6,850
per year
$205,509
over 30 years
$237,054
interest saved
How gap financing works: The equity gap ($18,523) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,000, 5% of purchase price) and a second mortgage for the rest ($523 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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