Loan Comparison: 3.55% vs 6.5%
35 Macarthur, Pueblo, CO 81001 · 3bd/2ba · $219,900
List Price
$219,900
Assumable Rate
3.55%
Remaining Balance
$134,277
Equity Gap
$85,622
Loan Type
FHAAdjust Your Scenario
$10,995
$10,995$85,622
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.55% (FHA)
Blended Rate: 5.32%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,320/moAssumable @ 3.55% + gap loan
$1,181/moAssumed loan: $607/mo
Gap financing: $574/mo
$140less per month with the assumable
Your Savings on This Property
35 Macarthur, Pueblo · 3.55% FHA vs 6.5% conventional
$140
per month
$1,679
per year
$50,359
over 30 years
$50,358
interest saved
How gap financing works: The equity gap ($85,622) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($10,995, 5% of purchase price) and a second mortgage for the rest ($74,627 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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