Loan Comparison: 3.07% vs 6.5%
125 Vista Canyon, Castle Rock, CO 80104 · 3bd/2ba · $549,000
List Price
$549,000
Assumable Rate
3.07%
Remaining Balance
$483,490
Equity Gap
$66,529
Loan Type
VAAdjust Your Scenario
$27,450
$27,450$66,529
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (VA)
Blended Rate: 3.48%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,297/moAssumable @ 3.07% + gap loan
$2,357/moAssumed loan: $2,057/mo
Gap financing: $300/mo
$939less per month with the assumable
Your Savings on This Property
125 Vista Canyon, Castle Rock · 3.07% VA vs 6.5% conventional
$939
per month
$11,272
per year
$338,168
over 30 years
$339,187
interest saved
How gap financing works: The equity gap ($66,529) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,450, 5% of purchase price) and a second mortgage for the rest ($39,079 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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