Loan Comparison: 4.48% vs 6.5%
3153 Carabiner, Castle Rock, CO 80108 · 4bd/3ba · $1,000,000
List Price
$1,000,000
Assumable Rate
4.48%
Remaining Balance
$875,723
Equity Gap
$125,725
Loan Type
VAAdjust Your Scenario
$50,000
$50,000$125,725
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.48% (VA)
Blended Rate: 4.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,005/moAssumable @ 4.48% + gap loan
$5,009/moAssumed loan: $4,427/mo
Gap financing: $582/mo
$996less per month with the assumable
Your Savings on This Property
3153 Carabiner, Castle Rock · 4.48% VA vs 6.5% conventional
$996
per month
$11,948
per year
$358,426
over 30 years
$359,874
interest saved
How gap financing works: The equity gap ($125,725) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($50,000, 5% of purchase price) and a second mortgage for the rest ($75,725 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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