Loan Comparison: 3.375% vs 6.5%
6635 Tremolite, Castle Rock, CO 80108 · 5bd/6ba · $1,500,000
List Price
$1,500,000
Assumable Rate
3.375%
Remaining Balance
$781,404
Equity Gap
$718,768
Loan Type
VAAdjust Your Scenario
$75,000
$75,000$718,768
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.375% (VA)
Blended Rate: 5.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$9,007/moAssumable @ 3.375% + gap loan
$8,405/moAssumed loan: $3,455/mo
Gap financing: $4,950/mo
$602less per month with the assumable
Your Savings on This Property
6635 Tremolite, Castle Rock · 3.375% VA vs 6.5% conventional
$602
per month
$7,229
per year
$216,861
over 30 years
$217,033
interest saved
How gap financing works: The equity gap ($718,768) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($75,000, 5% of purchase price) and a second mortgage for the rest ($643,768 at 8.5%). 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 6635 Tremolite.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.