Loan Comparison: 5.09% vs 6.5%
2530 Torino, Pueblo, CO 81001 · 3bd/2ba · $425,000
List Price
$425,000
Assumable Rate
5.09%
Remaining Balance
$401,478
Equity Gap
$22,912
Loan Type
VAAdjust Your Scenario
$21,250
$21,250$22,912
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.09% (VA)
Blended Rate: 5.10%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 5.09% + gap loan
$2,190/moAssumed loan: $2,177/mo
Gap financing: $13/mo
$362less per month with the assumable
Your Savings on This Property
2530 Torino, Pueblo · 5.09% VA vs 6.5% conventional
$362
per month
$4,342
per year
$130,262
over 30 years
$129,652
interest saved
How gap financing works: The equity gap ($22,912) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($1,662 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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