Loan Comparison: 5.54% vs 6.5%
1317 Alexander, Pueblo, CO 81001 · 5bd/3ba · $365,000
List Price
$365,000
Assumable Rate
5.54%
Remaining Balance
$303,922
Equity Gap
$60,645
Loan Type
VAAdjust Your Scenario
$18,250
$18,250$60,645
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.54% (VA)
Blended Rate: 5.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 5.54% + gap loan
$2,059/moAssumed loan: $1,733/mo
Gap financing: $326/mo
$132less per month with the assumable
Your Savings on This Property
1317 Alexander, Pueblo · 5.54% VA vs 6.5% conventional
$132
per month
$1,589
per year
$47,680
over 30 years
$47,247
interest saved
How gap financing works: The equity gap ($60,645) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($42,395 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.
🏠
Back to This Listing
View photos, details, and request a showing for 1317 Alexander.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.