Loan Comparison: 3.57% vs 6.5%
626 Jackson, Pueblo, CO 81004 · 3bd/2ba · $269,000
List Price
$269,000
Assumable Rate
3.57%
Remaining Balance
$95,878
Equity Gap
$173,122
Loan Type
VAAdjust Your Scenario
$13,450
$13,450$173,122
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.57% (VA)
Blended Rate: 6.65%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,615/moAssumable @ 3.57% + gap loan
$1,662/moAssumed loan: $434/mo
Gap financing: $1,228/mo
Your Savings on This Property
626 Jackson, Pueblo · 3.57% 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 ($173,122) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,450, 5% of purchase price) and a second mortgage for the rest ($159,672 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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