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
$326,945
Equity Gap
$323,053
Loan Type
VAAdjust Your Scenario
$32,500
$32,500$323,053
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 5.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 2.9% + gap loan
$3,595/moAssumed loan: $1,361/mo
Gap financing: $2,234/mo
$308less per month with the assumable
Your Savings on This Property
61 Posada, Pueblo · 2.9% VA vs 6.5% conventional
$308
per month
$3,697
per year
$110,905
over 30 years
$110,904
interest saved
How gap financing works: The equity gap ($323,053) 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 ($290,553 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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