Loan Comparison: 3.69% vs 6.5%
1408 Kiva, Pueblo West, CO 81007 · 5bd/3ba · $609,900
List Price
$609,900
Assumable Rate
3.69%
Remaining Balance
$578,932
Equity Gap
$30,968
Loan Type
VAAdjust Your Scenario
$30,495
$30,495$30,968
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 3.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,662/moAssumable @ 3.69% + gap loan
$2,665/moAssumed loan: $2,661/mo
Gap financing: $4/mo
$997less per month with the assumable
Your Savings on This Property
1408 Kiva, Pueblo West · 3.69% VA vs 6.5% conventional
$997
per month
$11,966
per year
$358,972
over 30 years
$358,972
interest saved
How gap financing works: The equity gap ($30,968) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,495, 5% of purchase price) and a second mortgage for the rest ($473 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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