Loan Comparison: 3.23% vs 6.5%
668 Milt, Pueblo, CO 81007 · 3bd/2ba · $525,000
List Price
$525,000
Assumable Rate
3.23%
Remaining Balance
$179,549
Equity Gap
$345,046
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$345,046
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (VA)
Blended Rate: 6.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3.23% + gap loan
$3,231/moAssumed loan: $779/mo
Gap financing: $2,451/mo
Your Savings on This Property
668 Milt, Pueblo · 3.23% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($345,046) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($318,796 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.