Loan Comparison: 3.48% vs 6.5%
1650 Bent Wedge Point, Castle Rock, CO 80109 · 4bd/5ba · $925,000
List Price
$925,000
Assumable Rate
3.48%
Remaining Balance
$63,902
Equity Gap
$861,097
Loan Type
VAAdjust Your Scenario
$46,250
$46,250$861,097
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.48% (VA)
Blended Rate: 7.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,554/moAssumable @ 3.48% + gap loan
$5,984/moAssumed loan: $286/mo
Gap financing: $5,698/mo
Your Savings on This Property
1650 Bent Wedge Point, Castle Rock · 3.48% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($861,097) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($46,250, 5% of purchase price) and a second mortgage for the rest ($814,847 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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