Loan Comparison: 3.69% vs 6.5%
917 Silverqueen, Pueblo, CO 81008 · 4bd/3ba · $389,900
List Price
$389,900
Assumable Rate
3.69%
Remaining Balance
$319,756
Equity Gap
$70,143
Loan Type
VAAdjust Your Scenario
$19,495
$19,495$70,143
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 4.35%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,341/moAssumable @ 3.69% + gap loan
$1,859/moAssumed loan: $1,470/mo
Gap financing: $389/mo
$482less per month with the assumable
Your Savings on This Property
917 Silverqueen, Pueblo · 3.69% VA vs 6.5% conventional
$482
per month
$5,782
per year
$173,447
over 30 years
$173,446
interest saved
How gap financing works: The equity gap ($70,143) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,495, 5% of purchase price) and a second mortgage for the rest ($50,648 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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