Loan Comparison: 5.41% vs 6.5%
645 Greenway, Pueblo, CO 81007 · 4bd/3ba · $445,000
List Price
$445,000
Assumable Rate
5.41%
Remaining Balance
$400,649
Equity Gap
$43,772
Loan Type
VAAdjust Your Scenario
$22,250
$22,250$43,772
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (VA)
Blended Rate: 5.57%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,672/moAssumable @ 5.41% + gap loan
$2,418/moAssumed loan: $2,252/mo
Gap financing: $165/mo
$254less per month with the assumable
Your Savings on This Property
645 Greenway, Pueblo · 5.41% VA vs 6.5% conventional
$254
per month
$3,052
per year
$91,553
over 30 years
$90,974
interest saved
How gap financing works: The equity gap ($43,772) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,250, 5% of purchase price) and a second mortgage for the rest ($21,522 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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