Loan Comparison: 3.89% vs 6.5%
2319 18th, Pueblo, CO 81003 · 3bd/2ba · $324,900
List Price
$324,900
Assumable Rate
3.89%
Remaining Balance
$286,233
Equity Gap
$39,204
Loan Type
VAAdjust Your Scenario
$16,245
$16,245$39,204
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.89% (VA)
Blended Rate: 4.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,951/moAssumable @ 3.89% + gap loan
$1,525/moAssumed loan: $1,348/mo
Gap financing: $177/mo
$426less per month with the assumable
Your Savings on This Property
2319 18th, Pueblo · 3.89% VA vs 6.5% conventional
$426
per month
$5,111
per year
$153,340
over 30 years
$153,877
interest saved
How gap financing works: The equity gap ($39,204) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,245, 5% of purchase price) and a second mortgage for the rest ($22,959 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.