Loan Comparison: 3.55% vs 6.5%
629 Aguilar, Pueblo, CO 81007 · 3bd/2ba · $310,000
List Price
$310,000
Assumable Rate
3.55%
Remaining Balance
$292,562
Equity Gap
$18,018
Loan Type
VAAdjust Your Scenario
$15,500
$15,500$18,018
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.55% (VA)
Blended Rate: 3.59%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,861/moAssumable @ 3.55% + gap loan
$1,341/moAssumed loan: $1,322/mo
Gap financing: $19/mo
$520less per month with the assumable
Your Savings on This Property
629 Aguilar, Pueblo · 3.55% VA vs 6.5% conventional
$520
per month
$6,242
per year
$187,260
over 30 years
$187,840
interest saved
How gap financing works: The equity gap ($18,018) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,500, 5% of purchase price) and a second mortgage for the rest ($2,518 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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