Loan Comparison: 3.75% vs 6.5%
1501 Gentry, Pueblo West, CO 81007 · 4bd/3ba · $369,900
List Price
$369,900
Assumable Rate
3.75%
Remaining Balance
$232,016
Equity Gap
$137,884
Loan Type
VAAdjust Your Scenario
$18,495
$18,495$137,884
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 5.36%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,221/moAssumable @ 3.75% + gap loan
$1,993/moAssumed loan: $1,075/mo
Gap financing: $918/mo
$229less per month with the assumable
Your Savings on This Property
1501 Gentry, Pueblo West · 3.75% VA vs 6.5% conventional
$229
per month
$2,743
per year
$82,303
over 30 years
$82,303
interest saved
How gap financing works: The equity gap ($137,884) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,495, 5% of purchase price) and a second mortgage for the rest ($119,389 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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