Loan Comparison: 2.25% vs 6.5%
6291 Moulton Court, Castle Rock, CO 80104 · 5bd/4ba · $1,399,000
List Price
$1,399,000
Assumable Rate
2.25%
Remaining Balance
$641,095
Equity Gap
$757,905
Loan Type
VAAdjust Your Scenario
$69,950
$69,950$757,905
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.25% (VA)
Blended Rate: 4.97%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,401/moAssumable @ 2.25% + gap loan
$7,261/moAssumed loan: $2,451/mo
Gap financing: $4,810/mo
$1,140less per month with the assumable
Your Savings on This Property
6291 Moulton Court, Castle Rock · 2.25% VA vs 6.5% conventional
$1,140
per month
$13,676
per year
$410,277
over 30 years
$410,277
interest saved
How gap financing works: The equity gap ($757,905) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($69,950, 5% of purchase price) and a second mortgage for the rest ($687,955 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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