Loan Comparison: 3.76% vs 6.5%
3594 Cade Court, Castle Rock, CO 80104 · 3bd/3ba · $650,000
List Price
$650,000
Assumable Rate
3.76%
Remaining Balance
$528,854
Equity Gap
$121,146
Loan Type
VAAdjust Your Scenario
$32,500
$32,500$121,146
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 4.30%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 3.76% + gap loan
$3,072/moAssumed loan: $2,452/mo
Gap financing: $620/mo
$831less per month with the assumable
Your Savings on This Property
3594 Cade Court, Castle Rock · 3.76% VA vs 6.5% conventional
$831
per month
$9,972
per year
$299,155
over 30 years
$299,155
interest saved
How gap financing works: The equity gap ($121,146) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($88,646 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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