Loan Comparison: 6.18% vs 6.5%
665 Coal Bank Trail, Castle Rock, CO 80104 · 4bd/3ba · $1,150,000
List Price
$1,150,000
Assumable Rate
6.18%
Remaining Balance
$980,977
Equity Gap
$169,022
Loan Type
VAAdjust Your Scenario
$57,500
$57,500$169,022
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.18% (VA)
Blended Rate: 6.31%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,905/moAssumable @ 6.18% + gap loan
$6,775/moAssumed loan: $5,995/mo
Gap financing: $780/mo
$130less per month with the assumable
Your Savings on This Property
665 Coal Bank Trail, Castle Rock · 6.18% VA vs 6.5% conventional
$130
per month
$1,561
per year
$46,840
over 30 years
$46,839
interest saved
How gap financing works: The equity gap ($169,022) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($57,500, 5% of purchase price) and a second mortgage for the rest ($111,522 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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