Loan Comparison: 2.25% vs 6.5%
2713 2nd, Pueblo, CO 81003 · 3bd/1ba · $255,000
List Price
$255,000
Assumable Rate
2.25%
Remaining Balance
$242,228
Equity Gap
$12,772
Loan Type
VAAdjust Your Scenario
$12,750
$12,750$12,772
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.25% (VA)
Blended Rate: 2.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,531/moAssumable @ 2.25% + gap loan
$926/moAssumed loan: $926/mo
Gap financing: $0/mo
$605less per month with the assumable
Your Savings on This Property
2713 2nd, Pueblo · 2.25% VA vs 6.5% conventional
$605
per month
$7,261
per year
$217,839
over 30 years
$217,839
interest saved
How gap financing works: The equity gap ($12,772) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,750, 5% of purchase price) and a second mortgage for the rest ($22 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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