Loan Comparison: 2.86% vs 6.5%
965 Cimarron, Pueblo, CO 81007 · 5bd/2ba · $399,900
List Price
$399,900
Assumable Rate
2.86%
Remaining Balance
$334,128
Equity Gap
$63,533
Loan Type
VAAdjust Your Scenario
$19,995
$19,995$63,533
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.86% (VA)
Blended Rate: 3.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,401/moAssumable @ 2.86% + gap loan
$1,718/moAssumed loan: $1,384/mo
Gap financing: $335/mo
$683less per month with the assumable
Your Savings on This Property
965 Cimarron, Pueblo · 2.86% VA vs 6.5% conventional
$683
per month
$8,195
per year
$245,842
over 30 years
$243,603
interest saved
How gap financing works: The equity gap ($63,533) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,995, 5% of purchase price) and a second mortgage for the rest ($43,538 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.
🏠
Back to This Listing
View photos, details, and request a showing for 965 Cimarron.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.