Loan Comparison: 4.12% vs 6.5%
2228 Inspiration, Pueblo, CO 81008 · 4bd/3ba · $399,999
List Price
$399,999
Assumable Rate
4.12%
Remaining Balance
$364,493
Equity Gap
$34,864
Loan Type
VAAdjust Your Scenario
$20,000
$20,000$34,864
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.12% (VA)
Blended Rate: 4.29%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 4.12% + gap loan
$1,880/moAssumed loan: $1,765/mo
Gap financing: $114/mo
$522less per month with the assumable
Your Savings on This Property
2228 Inspiration, Pueblo · 4.12% VA vs 6.5% conventional
$522
per month
$6,265
per year
$187,958
over 30 years
$187,316
interest saved
How gap financing works: The equity gap ($34,864) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,000, 5% of purchase price) and a second mortgage for the rest ($14,864 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.
🏠
Back to This Listing
View photos, details, and request a showing for 2228 Inspiration.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.