Loan Comparison: 4.42% vs 6.5%
37 Massari, Pueblo, CO 81001 · 3bd/2ba · $320,000
List Price
$320,000
Assumable Rate
4.42%
Remaining Balance
$285,901
Equity Gap
$33,613
Loan Type
VAAdjust Your Scenario
$16,000
$16,000$33,613
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.42% (VA)
Blended Rate: 4.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,921/moAssumable @ 4.42% + gap loan
$1,570/moAssumed loan: $1,435/mo
Gap financing: $135/mo
$351less per month with the assumable
Your Savings on This Property
37 Massari, Pueblo · 4.42% VA vs 6.5% conventional
$351
per month
$4,212
per year
$126,359
over 30 years
$125,873
interest saved
How gap financing works: The equity gap ($33,613) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,000, 5% of purchase price) and a second mortgage for the rest ($17,613 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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