Loan Comparison: 5.51% vs 6.5%
2025 Greenwood, Pueblo, CO 81003 · 2bd/1ba · $276,800
List Price
$276,800
Assumable Rate
5.51%
Remaining Balance
$291,138
Equity Gap
$53,669
Loan Type
FHAAdjust Your Scenario
$13,840
$13,840$53,669
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.51% (FHA)
Blended Rate: 5.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,662/moAssumable @ 5.51% + gap loan
$1,961/moAssumed loan: $1,655/mo
Gap financing: $306/mo
Your Savings on This Property
2025 Greenwood, Pueblo · 5.51% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($53,669) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,840, 5% of purchase price) and a second mortgage for the rest ($39,829 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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