Loan Comparison: 2.94% vs 6.5%
1990 Treetop Drive, Castle Rock, CO 80109 · 5bd/5ba · $784,999
List Price
$784,999
Assumable Rate
2.94%
Remaining Balance
$734,382
Equity Gap
$50,616
Loan Type
VAAdjust Your Scenario
$39,250
$39,250$50,616
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (VA)
Blended Rate: 3.01%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,714/moAssumable @ 2.94% + gap loan
$3,152/moAssumed loan: $3,072/mo
Gap financing: $79/mo
$1,562less per month with the assumable
Your Savings on This Property
1990 Treetop Drive, Castle Rock · 2.94% VA vs 6.5% conventional
$1,562
per month
$18,740
per year
$562,211
over 30 years
$562,210
interest saved
How gap financing works: The equity gap ($50,616) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,250, 5% of purchase price) and a second mortgage for the rest ($11,366 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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