Loan Comparison: 2.8% vs 6.5%
5355 Blue Lunar Lane, Castle Rock, CO 80104 · 2bd/3ba · $540,000
List Price
$540,000
Assumable Rate
2.8%
Remaining Balance
$387,764
Equity Gap
$152,235
Loan Type
VAAdjust Your Scenario
$27,000
$27,000$152,235
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.8% (VA)
Blended Rate: 3.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,243/moAssumable @ 2.8% + gap loan
$2,469/moAssumed loan: $1,593/mo
Gap financing: $876/mo
$774less per month with the assumable
Your Savings on This Property
5355 Blue Lunar Lane, Castle Rock · 2.8% VA vs 6.5% conventional
$774
per month
$9,283
per year
$278,477
over 30 years
$278,476
interest saved
How gap financing works: The equity gap ($152,235) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,000, 5% of purchase price) and a second mortgage for the rest ($125,235 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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