Loan Comparison: 5.37% vs 6.5%
2217 Elizabeth, Pueblo, CO 81003 · 3bd/2ba · $240,000
List Price
$240,000
Assumable Rate
5.37%
Remaining Balance
$82,290
Equity Gap
$161,905
Loan Type
VAAdjust Your Scenario
$12,000
$12,000$161,905
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.37% (VA)
Blended Rate: 7.39%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,441/moAssumable @ 5.37% + gap loan
$1,613/moAssumed loan: $461/mo
Gap financing: $1,153/mo
Your Savings on This Property
2217 Elizabeth, Pueblo · 5.37% 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 ($161,905) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,000, 5% of purchase price) and a second mortgage for the rest ($149,905 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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