Loan Comparison: 3.57% vs 6.5%
626 Jackson, Pueblo, CO 81004 · 3bd/2ba · $264,900
List Price
$264,900
Assumable Rate
3.57%
Remaining Balance
$95,608
Equity Gap
$169,292
Loan Type
VAAdjust Your Scenario
$13,245
$13,245$169,292
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.57% (VA)
Blended Rate: 6.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,591/moAssumable @ 3.57% + gap loan
$1,633/moAssumed loan: $433/mo
Gap financing: $1,200/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 ($169,292) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,245, 5% of purchase price) and a second mortgage for the rest ($156,047 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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