Loan Comparison: 5.55% vs 6.5%
1932 Oneal, Pueblo, CO 81004 · 4bd/3ba · $365,000
List Price
$365,000
Assumable Rate
5.55%
Remaining Balance
$327,702
Equity Gap
$37,297
Loan Type
VAAdjust Your Scenario
$18,250
$18,250$37,297
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.55% (VA)
Blended Rate: 5.71%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 5.55% + gap loan
$2,017/moAssumed loan: $1,871/mo
Gap financing: $146/mo
$174less per month with the assumable
Your Savings on This Property
1932 Oneal, Pueblo · 5.55% VA vs 6.5% conventional
$174
per month
$2,092
per year
$62,745
over 30 years
$62,744
interest saved
How gap financing works: The equity gap ($37,297) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($19,047 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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