Loan Comparison: 2.86% vs 6.5%
395 Dawson Court, Castle Rock, CO 80104 · 6bd/3ba · $819,999
List Price
$819,999
Assumable Rate
2.86%
Remaining Balance
$616,488
Equity Gap
$203,510
Loan Type
VAAdjust Your Scenario
$41,000
$41,000$203,510
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.86% (VA)
Blended Rate: 3.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,924/moAssumable @ 2.86% + gap loan
$3,689/moAssumed loan: $2,553/mo
Gap financing: $1,136/mo
$1,235less per month with the assumable
Your Savings on This Property
395 Dawson Court, Castle Rock · 2.86% VA vs 6.5% conventional
$1,235
per month
$14,816
per year
$444,488
over 30 years
$444,487
interest saved
How gap financing works: The equity gap ($203,510) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($41,000, 5% of purchase price) and a second mortgage for the rest ($162,510 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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