Loan Comparison: 3.69% vs 6.5%
4720 Desert Candle, Pueblo, CO 81001 · 5bd/5ba · $695,000
List Price
$695,000
Assumable Rate
3.69%
Remaining Balance
$534,318
Equity Gap
$160,681
Loan Type
VAAdjust Your Scenario
$34,750
$34,750$160,681
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 4.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,173/moAssumable @ 3.69% + gap loan
$3,425/moAssumed loan: $2,456/mo
Gap financing: $968/mo
$749less per month with the assumable
Your Savings on This Property
4720 Desert Candle, Pueblo · 3.69% VA vs 6.5% conventional
$749
per month
$8,983
per year
$269,487
over 30 years
$269,486
interest saved
How gap financing works: The equity gap ($160,681) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,750, 5% of purchase price) and a second mortgage for the rest ($125,931 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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