Loan Comparison: 2.84% vs 6.5%
3524 Dove Valley, Castle Rock, CO 80108 · 6bd/4ba · $775,000
List Price
$775,000
Assumable Rate
2.84%
Remaining Balance
$471,638
Equity Gap
$301,266
Loan Type
VAAdjust Your Scenario
$38,750
$38,750$301,266
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.84% (VA)
Blended Rate: 4.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 2.84% + gap loan
$3,966/moAssumed loan: $1,948/mo
Gap financing: $2,019/mo
$687less per month with the assumable
Your Savings on This Property
3524 Dove Valley, Castle Rock · 2.84% VA vs 6.5% conventional
$687
per month
$8,245
per year
$247,357
over 30 years
$245,261
interest saved
How gap financing works: The equity gap ($301,266) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,750, 5% of purchase price) and a second mortgage for the rest ($262,516 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 3524 Dove Valley.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.