Loan Comparison: 5.1% vs 6.5%
33 Briargate, Pueblo, CO 81001 · 4bd/3ba · $385,000
List Price
$385,000
Assumable Rate
5.1%
Remaining Balance
$356,421
Equity Gap
$28,578
Loan Type
VAAdjust Your Scenario
$19,250
$19,250$28,578
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.1% (VA)
Blended Rate: 5.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,312/moAssumable @ 5.1% + gap loan
$2,007/moAssumed loan: $1,935/mo
Gap financing: $72/mo
$305less per month with the assumable
Your Savings on This Property
33 Briargate, Pueblo · 5.1% VA vs 6.5% conventional
$305
per month
$3,659
per year
$109,756
over 30 years
$109,755
interest saved
How gap financing works: The equity gap ($28,578) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,250, 5% of purchase price) and a second mortgage for the rest ($9,328 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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