Loan Comparison: 2.87% vs 6.5%
2 Bitterweed, Pueblo, CO 81001 · 5bd/3ba · $355,100
List Price
$355,100
Assumable Rate
2.87%
Remaining Balance
$285,756
Equity Gap
$68,702
Loan Type
VAAdjust Your Scenario
$17,755
$17,755$68,702
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.87% (VA)
Blended Rate: 3.72%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,132/moAssumable @ 2.87% + gap loan
$1,577/moAssumed loan: $1,185/mo
Gap financing: $392/mo
$556less per month with the assumable
Your Savings on This Property
2 Bitterweed, Pueblo · 2.87% VA vs 6.5% conventional
$556
per month
$6,668
per year
$200,050
over 30 years
$199,408
interest saved
How gap financing works: The equity gap ($68,702) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,755, 5% of purchase price) and a second mortgage for the rest ($50,947 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 2 Bitterweed.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.