Loan Comparison: 3.69% vs 6.5%
4720 Desert Candle, Pueblo, CO 81001 · 5bd/5ba · $649,900
List Price
$649,900
Assumable Rate
3.69%
Remaining Balance
$532,269
Equity Gap
$115,581
Loan Type
VAAdjust Your Scenario
$32,495
$32,495$115,581
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 4.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,902/moAssumable @ 3.69% + gap loan
$3,086/moAssumed loan: $2,447/mo
Gap financing: $639/mo
$817less per month with the assumable
Your Savings on This Property
4720 Desert Candle, Pueblo · 3.69% VA vs 6.5% conventional
$817
per month
$9,800
per year
$293,985
over 30 years
$291,935
interest saved
How gap financing works: The equity gap ($115,581) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,495, 5% of purchase price) and a second mortgage for the rest ($83,086 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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