Loan Comparison: 5.3% vs 6.5%
6688 Leilani Drive, Castle Rock, CO 80109 · 3bd/3ba · $799,900
List Price
$799,900
Assumable Rate
5.3%
Remaining Balance
$602,639
Equity Gap
$197,260
Loan Type
VAAdjust Your Scenario
$39,995
$39,995$197,260
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.3% (VA)
Blended Rate: 5.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,803/moAssumable @ 5.3% + gap loan
$4,446/moAssumed loan: $3,346/mo
Gap financing: $1,100/mo
$357less per month with the assumable
Your Savings on This Property
6688 Leilani Drive, Castle Rock · 5.3% VA vs 6.5% conventional
$357
per month
$4,284
per year
$128,525
over 30 years
$128,524
interest saved
How gap financing works: The equity gap ($197,260) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,995, 5% of purchase price) and a second mortgage for the rest ($157,265 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.
🏠
Back to This Listing
View photos, details, and request a showing for 6688 Leilani Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.