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
$530,208
Equity Gap
$119,692
Loan Type
VAAdjust Your Scenario
$32,495
$32,495$119,692
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 4.37%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,902/moAssumable @ 3.69% + gap loan
$3,108/moAssumed loan: $2,437/mo
Gap financing: $670/mo
$794less per month with the assumable
Your Savings on This Property
4720 Desert Candle, Pueblo · 3.69% VA vs 6.5% conventional
$794
per month
$9,534
per year
$286,017
over 30 years
$286,017
interest saved
How gap financing works: The equity gap ($119,692) 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 ($87,197 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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