Loan Comparison: 2.94% vs 6.5%
2154 Treetop Drive, Castle Rock, CO 80109 · 2bd/3ba · $980,000
List Price
$980,000
Assumable Rate
2.94%
Remaining Balance
$584,793
Equity Gap
$395,207
Loan Type
VAAdjust Your Scenario
$49,000
$49,000$395,207
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (VA)
Blended Rate: 4.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,885/moAssumable @ 2.94% + gap loan
$4,867/moAssumed loan: $2,447/mo
Gap financing: $2,421/mo
$1,017less per month with the assumable
Your Savings on This Property
2154 Treetop Drive, Castle Rock · 2.94% VA vs 6.5% conventional
$1,017
per month
$12,206
per year
$366,191
over 30 years
$366,191
interest saved
How gap financing works: The equity gap ($395,207) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($49,000, 5% of purchase price) and a second mortgage for the rest ($346,207 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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