Loan Comparison: 2.98% vs 6.5%
1010 4th, Pueblo, CO 81001 · 2bd/1ba · $108,000
List Price
$108,000
Assumable Rate
2.98%
Remaining Balance
$83,959
Equity Gap
$24,227
Loan Type
VAAdjust Your Scenario
$5,400
$5,400$24,227
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (VA)
Blended Rate: 3.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$649/moAssumable @ 2.98% + gap loan
$498/moAssumed loan: $353/mo
Gap financing: $145/mo
$151less per month with the assumable
Your Savings on This Property
1010 4th, Pueblo · 2.98% VA vs 6.5% conventional
$151
per month
$1,808
per year
$54,241
over 30 years
$54,427
interest saved
How gap financing works: The equity gap ($24,227) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($5,400, 5% of purchase price) and a second mortgage for the rest ($18,827 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.