Loan Comparison: 4.72% vs 6.5%
2319 18th, Pueblo, CO 81003 · 3bd/2ba · $324,900
List Price
$324,900
Assumable Rate
4.72%
Remaining Balance
$289,300
Equity Gap
$35,123
Loan Type
VAAdjust Your Scenario
$16,245
$16,245$35,123
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.72% (VA)
Blended Rate: 4.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,951/moAssumable @ 4.72% + gap loan
$1,649/moAssumed loan: $1,504/mo
Gap financing: $145/mo
$302less per month with the assumable
Your Savings on This Property
2319 18th, Pueblo · 4.72% VA vs 6.5% conventional
$302
per month
$3,622
per year
$108,668
over 30 years
$108,191
interest saved
How gap financing works: The equity gap ($35,123) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,245, 5% of purchase price) and a second mortgage for the rest ($18,878 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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