Loan Comparison: 5.98% vs 6.5%
29 Wasatch, Pueblo, CO 81005 · 3bd/2ba · $274,900
List Price
$274,900
Assumable Rate
5.98%
Remaining Balance
$215,060
Equity Gap
$59,622
Loan Type
FHAAdjust Your Scenario
$13,745
$13,745$59,622
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.98% (FHA)
Blended Rate: 6.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,651/moAssumable @ 5.98% + gap loan
$1,639/moAssumed loan: $1,287/mo
Gap financing: $353/mo
$11less per month with the assumable
Your Savings on This Property
29 Wasatch, Pueblo · 5.98% FHA vs 6.5% conventional
$11
per month
$136
per year
$4,066
over 30 years
$3,848
interest saved
How gap financing works: The equity gap ($59,622) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,745, 5% of purchase price) and a second mortgage for the rest ($45,877 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.
🏠
Back to This Listing
View photos, details, and request a showing for 29 Wasatch.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.