Loan Comparison: 5.55% vs 6.5%
1932 Oneal, Pueblo, CO 81004 · 4bd/3ba · $355,000
List Price
$355,000
Assumable Rate
5.55%
Remaining Balance
$326,792
Equity Gap
$26,845
Loan Type
VAAdjust Your Scenario
$17,750
$17,750$26,845
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.55% (VA)
Blended Rate: 5.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,132/moAssumable @ 5.55% + gap loan
$1,936/moAssumed loan: $1,866/mo
Gap financing: $70/mo
$196less per month with the assumable
Your Savings on This Property
1932 Oneal, Pueblo · 5.55% VA vs 6.5% conventional
$196
per month
$2,352
per year
$70,547
over 30 years
$69,184
interest saved
How gap financing works: The equity gap ($26,845) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,750, 5% of purchase price) and a second mortgage for the rest ($9,095 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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