Loan Comparison: 2.65% vs 6.5%
5702 Raleigh Circle, Castle Rock, CO 80104 · 5bd/6ba · $465,000
List Price
$465,000
Assumable Rate
2.65%
Remaining Balance
$200,500
Equity Gap
$264,499
Loan Type
VAAdjust Your Scenario
$23,250
$23,250$264,499
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.65% (VA)
Blended Rate: 5.30%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 2.65% + gap loan
$2,495/moAssumed loan: $808/mo
Gap financing: $1,687/mo
$297less per month with the assumable
Your Savings on This Property
5702 Raleigh Circle, Castle Rock · 2.65% VA vs 6.5% conventional
$297
per month
$3,568
per year
$107,053
over 30 years
$107,052
interest saved
How gap financing works: The equity gap ($264,499) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,250, 5% of purchase price) and a second mortgage for the rest ($241,249 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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