Loan Comparison: 2.9% vs 6.5%
61 Posada, Pueblo, CO 81005 · 4bd/4ba · $649,999
List Price
$649,999
Assumable Rate
2.9%
Remaining Balance
$328,379
Equity Gap
$321,619
Loan Type
VAAdjust Your Scenario
$32,500
$32,500$321,619
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 5.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 2.9% + gap loan
$3,590/moAssumed loan: $1,367/mo
Gap financing: $2,223/mo
$313less per month with the assumable
Your Savings on This Property
61 Posada, Pueblo · 2.9% VA vs 6.5% conventional
$313
per month
$3,758
per year
$112,726
over 30 years
$112,725
interest saved
How gap financing works: The equity gap ($321,619) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($289,119 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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