Loan Comparison: 4.48% vs 6.5%
3153 Carabiner, Castle Rock, CO 80108 · 4bd/3ba · $975,000
List Price
$975,000
Assumable Rate
4.48%
Remaining Balance
$872,822
Equity Gap
$100,725
Loan Type
VAAdjust Your Scenario
$48,750
$48,750$100,725
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.48% (VA)
Blended Rate: 4.71%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,855/moAssumable @ 4.48% + gap loan
$4,812/moAssumed loan: $4,412/mo
Gap financing: $400/mo
$1,043less per month with the assumable
Your Savings on This Property
3153 Carabiner, Castle Rock · 4.48% VA vs 6.5% conventional
$1,043
per month
$12,514
per year
$375,405
over 30 years
$373,952
interest saved
How gap financing works: The equity gap ($100,725) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($48,750, 5% of purchase price) and a second mortgage for the rest ($51,975 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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