Loan Comparison: 3.13% vs 6.5%
1434 Ladonia, Pueblo West, CO 81007 · 4bd/3ba · $434,998
List Price
$434,998
Assumable Rate
3.13%
Remaining Balance
$255,468
Equity Gap
$179,530
Loan Type
FHAAdjust Your Scenario
$21,750
$21,750$179,530
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.13% (FHA)
Blended Rate: 5.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,612/moAssumable @ 3.13% + gap loan
$2,308/moAssumed loan: $1,095/mo
Gap financing: $1,213/mo
$304less per month with the assumable
Your Savings on This Property
1434 Ladonia, Pueblo West · 3.13% FHA vs 6.5% conventional
$304
per month
$3,645
per year
$109,354
over 30 years
$109,354
interest saved
How gap financing works: The equity gap ($179,530) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,750, 5% of purchase price) and a second mortgage for the rest ($157,780 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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