Loan Comparison: 2.5% vs 6.5%
1163 Kirkwood, Pueblo, CO 81007 · 4bd/2ba · $317,000
List Price
$317,000
Assumable Rate
2.5%
Remaining Balance
$100,885
Equity Gap
$215,251
Loan Type
VAAdjust Your Scenario
$15,850
$15,850$215,251
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.5% (VA)
Blended Rate: 6.48%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,903/moAssumable @ 2.5% + gap loan
$1,932/moAssumed loan: $399/mo
Gap financing: $1,533/mo
Your Savings on This Property
1163 Kirkwood, Pueblo · 2.5% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($215,251) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,850, 5% of purchase price) and a second mortgage for the rest ($199,401 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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