Loan Comparison: 3.06% vs 6.5%
4345 Rapport, Castle Rock, CO 80104 · 3bd/3ba · $649,000
List Price
$649,000
Assumable Rate
3.06%
Remaining Balance
$443,834
Equity Gap
$205,166
Loan Type
VAAdjust Your Scenario
$32,450
$32,450$205,166
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (VA)
Blended Rate: 4.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,897/moAssumable @ 3.06% + gap loan
$3,214/moAssumed loan: $1,886/mo
Gap financing: $1,328/mo
$683less per month with the assumable
Your Savings on This Property
4345 Rapport, Castle Rock · 3.06% VA vs 6.5% conventional
$683
per month
$8,200
per year
$246,011
over 30 years
$246,011
interest saved
How gap financing works: The equity gap ($205,166) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,450, 5% of purchase price) and a second mortgage for the rest ($172,716 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.
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