Loan Comparison: 5.27% vs 6.5%
70 Caledonia, Pueblo, CO 81001 · 4bd/3ba · $395,000
List Price
$395,000
Assumable Rate
5.27%
Remaining Balance
$360,257
Equity Gap
$34,743
Loan Type
VAAdjust Your Scenario
$19,750
$19,750$34,743
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.27% (VA)
Blended Rate: 5.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,372/moAssumable @ 5.27% + gap loan
$2,109/moAssumed loan: $1,994/mo
Gap financing: $115/mo
$263less per month with the assumable
Your Savings on This Property
70 Caledonia, Pueblo · 5.27% VA vs 6.5% conventional
$263
per month
$3,153
per year
$94,584
over 30 years
$94,584
interest saved
How gap financing works: The equity gap ($34,743) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,750, 5% of purchase price) and a second mortgage for the rest ($14,993 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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