Loan Comparison: 3.44% vs 6.5%
1904 Coach House Loop, Castle Rock, CO 80109 · 4bd/3ba · $600,000
List Price
$600,000
Assumable Rate
3.44%
Remaining Balance
$229,112
Equity Gap
$370,887
Loan Type
VAAdjust Your Scenario
$30,000
$30,000$370,887
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.44% (VA)
Blended Rate: 5.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 3.44% + gap loan
$3,405/moAssumed loan: $1,021/mo
Gap financing: $2,384/mo
$198less per month with the assumable
Your Savings on This Property
1904 Coach House Loop, Castle Rock · 3.44% VA vs 6.5% conventional
$198
per month
$2,377
per year
$71,316
over 30 years
$71,315
interest saved
How gap financing works: The equity gap ($370,887) 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 ($340,887 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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