Loan Comparison: 3.17% vs 6.5%
4309 Sentinel, Pueblo, CO 81008 · 4bd/3ba · $329,000
List Price
$329,000
Assumable Rate
3.17%
Remaining Balance
$193,304
Equity Gap
$135,696
Loan Type
VAAdjust Your Scenario
$16,450
$16,450$135,696
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.17% (VA)
Blended Rate: 5.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,976/moAssumable @ 3.17% + gap loan
$1,750/moAssumed loan: $833/mo
Gap financing: $917/mo
$226less per month with the assumable
Your Savings on This Property
4309 Sentinel, Pueblo · 3.17% VA vs 6.5% conventional
$226
per month
$2,710
per year
$81,296
over 30 years
$81,296
interest saved
How gap financing works: The equity gap ($135,696) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,450, 5% of purchase price) and a second mortgage for the rest ($119,246 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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