Loan Comparison: 3.09% vs 6.5%
3562 Cerf Way, Castle Rock, CO 80109 · 6bd/4ba · $549,900
List Price
$549,900
Assumable Rate
3.09%
Remaining Balance
$505,273
Equity Gap
$44,627
Loan Type
VAAdjust Your Scenario
$27,495
$27,495$44,627
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.09% (VA)
Blended Rate: 3.23%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,302/moAssumable @ 3.09% + gap loan
$2,275/moAssumed loan: $2,155/mo
Gap financing: $120/mo
$1,027less per month with the assumable
Your Savings on This Property
3562 Cerf Way, Castle Rock · 3.09% VA vs 6.5% conventional
$1,027
per month
$12,328
per year
$369,832
over 30 years
$369,832
interest saved
How gap financing works: The equity gap ($44,627) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,495, 5% of purchase price) and a second mortgage for the rest ($17,132 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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