Loan Comparison: 3.95% vs 6.5%
1309 Kingsroyal, Pueblo, CO 81005 · 4bd/3ba · $345,000
List Price
$345,000
Assumable Rate
3.95%
Remaining Balance
$211,212
Equity Gap
$133,788
Loan Type
VAAdjust Your Scenario
$17,250
$17,250$133,788
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.95% (VA)
Blended Rate: 5.57%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,072/moAssumable @ 3.95% + gap loan
$1,898/moAssumed loan: $1,002/mo
Gap financing: $896/mo
$173less per month with the assumable
Your Savings on This Property
1309 Kingsroyal, Pueblo · 3.95% VA vs 6.5% conventional
$173
per month
$2,079
per year
$62,369
over 30 years
$62,369
interest saved
How gap financing works: The equity gap ($133,788) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,250, 5% of purchase price) and a second mortgage for the rest ($116,538 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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