Loan Comparison: 2.83% vs 6.5%
4367 Tallyrand Circle, Castle Rock, CO 80104 · 4bd/3ba · $1,300,000
List Price
$1,300,000
Assumable Rate
2.83%
Remaining Balance
$768,507
Equity Gap
$531,493
Loan Type
VAAdjust Your Scenario
$65,000
$65,000$531,493
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 4.59%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,806/moAssumable @ 2.83% + gap loan
$6,432/moAssumed loan: $3,170/mo
Gap financing: $3,262/mo
$1,374less per month with the assumable
Your Savings on This Property
4367 Tallyrand Circle, Castle Rock · 2.83% VA vs 6.5% conventional
$1,374
per month
$16,491
per year
$494,723
over 30 years
$494,723
interest saved
How gap financing works: The equity gap ($531,493) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($65,000, 5% of purchase price) and a second mortgage for the rest ($466,493 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.
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