Loan Comparison: 6.82% vs 6.5%
2317 Cactus Bloom Court, Castle Rock, CO 80109 · 4bd/4ba · $690,000
List Price
$690,000
Assumable Rate
6.82%
Remaining Balance
$644,793
Equity Gap
$45,207
Loan Type
VAAdjust Your Scenario
$34,500
$34,500$45,207
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.82% (VA)
Blended Rate: 6.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,143/moAssumable @ 6.82% + gap loan
$4,287/moAssumed loan: $4,212/mo
Gap financing: $75/mo
Your Savings on This Property
2317 Cactus Bloom Court, Castle Rock · 6.82% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($45,207) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,500, 5% of purchase price) and a second mortgage for the rest ($10,707 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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