Loan Comparison: 2.5% vs 6.5%
1163 Kirkwood, Pueblo, CO 81007 · 4bd/2ba · $340,000
List Price
$340,000
Assumable Rate
2.5%
Remaining Balance
$134,349
Equity Gap
$238,251
Loan Type
VAAdjust Your Scenario
$17,000
$17,000$238,251
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.5% (VA)
Blended Rate: 6.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,042/moAssumable @ 2.5% + gap loan
$2,232/moAssumed loan: $531/mo
Gap financing: $1,701/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 ($238,251) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,000, 5% of purchase price) and a second mortgage for the rest ($221,251 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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