Loan Comparison: 3.69% vs 6.5%
917 Silverqueen, Pueblo, CO 81008 · 4bd/3ba · $369,900
List Price
$369,900
Assumable Rate
3.69%
Remaining Balance
$317,905
Equity Gap
$51,994
Loan Type
VAAdjust Your Scenario
$18,495
$18,495$51,994
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 4.15%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,221/moAssumable @ 3.69% + gap loan
$1,719/moAssumed loan: $1,461/mo
Gap financing: $258/mo
$502less per month with the assumable
Your Savings on This Property
917 Silverqueen, Pueblo · 3.69% VA vs 6.5% conventional
$502
per month
$6,025
per year
$180,747
over 30 years
$180,746
interest saved
How gap financing works: The equity gap ($51,994) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,495, 5% of purchase price) and a second mortgage for the rest ($33,499 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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