Loan Comparison: 3.33% vs 6.5%
1120 Alexander, Pueblo, CO 81001 · 3bd/1ba · $250,000
List Price
$250,000
Assumable Rate
3.33%
Remaining Balance
$122,683
Equity Gap
$127,037
Loan Type
VAAdjust Your Scenario
$12,500
$12,500$127,037
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.33% (VA)
Blended Rate: 5.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,501/moAssumable @ 3.33% + gap loan
$1,420/moAssumed loan: $539/mo
Gap financing: $881/mo
$81less per month with the assumable
Your Savings on This Property
1120 Alexander, Pueblo · 3.33% VA vs 6.5% conventional
$81
per month
$974
per year
$29,212
over 30 years
$28,932
interest saved
How gap financing works: The equity gap ($127,037) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,500, 5% of purchase price) and a second mortgage for the rest ($114,537 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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