Loan Comparison: 3.06% vs 6.5%
4345 Rapport Drive, Castle Rock, CO 80104 · 3bd/3ba · $600,000
List Price
$600,000
Assumable Rate
3.06%
Remaining Balance
$438,015
Equity Gap
$161,985
Loan Type
VAAdjust Your Scenario
$30,000
$30,000$161,985
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 4.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 3.06% + gap loan
$2,784/moAssumed loan: $1,861/mo
Gap financing: $923/mo
$819less per month with the assumable
Your Savings on This Property
4345 Rapport Drive, Castle Rock · 3.06% VA vs 6.5% conventional
$819
per month
$9,828
per year
$294,853
over 30 years
$294,853
interest saved
How gap financing works: The equity gap ($161,985) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($131,985 at 7.5%). 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.
🏠
Back to This Listing
View photos, details, and request a showing for 4345 Rapport Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.