Loan Comparison: 3.67% vs 6.5%
4531 Cedar Glen Place, Castle Rock, CO 80109 · 3bd/3ba · $610,000
List Price
$610,000
Assumable Rate
3.67%
Remaining Balance
$290,328
Equity Gap
$319,671
Loan Type
VAAdjust Your Scenario
$30,500
$30,500$319,671
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.67% (VA)
Blended Rate: 5.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,663/moAssumable @ 3.67% + gap loan
$3,353/moAssumed loan: $1,331/mo
Gap financing: $2,022/mo
$309less per month with the assumable
Your Savings on This Property
4531 Cedar Glen Place, Castle Rock · 3.67% VA vs 6.5% conventional
$309
per month
$3,714
per year
$111,420
over 30 years
$111,419
interest saved
How gap financing works: The equity gap ($319,671) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,500, 5% of purchase price) and a second mortgage for the rest ($289,171 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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