Loan Comparison: 3.47% vs 6.5%
3538 Raccoon, Pueblo, CO 81005 · 5bd/3ba · $439,900
List Price
$439,900
Assumable Rate
3.47%
Remaining Balance
$180,363
Equity Gap
$259,537
Loan Type
VAAdjust Your Scenario
$21,995
$21,995$259,537
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (VA)
Blended Rate: 6.33%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,641/moAssumable @ 3.47% + gap loan
$2,633/moAssumed loan: $807/mo
Gap financing: $1,826/mo
$8less per month with the assumable
Your Savings on This Property
3538 Raccoon, Pueblo · 3.47% VA vs 6.5% conventional
$8
per month
$97
per year
$2,901
over 30 years
$2,901
interest saved
How gap financing works: The equity gap ($259,537) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,995, 5% of purchase price) and a second mortgage for the rest ($237,542 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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