Loan Comparison: 3.04% vs 6.5%
1167 Berganot, Castle Pines, CO 80108 · 5bd/4ba · $775,000
List Price
$775,000
Assumable Rate
3.04%
Remaining Balance
$596,456
Equity Gap
$181,232
Loan Type
VAAdjust Your Scenario
$38,750
$38,750$181,232
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.04% (VA)
Blended Rate: 4.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,654/moAssumable @ 3.04% + gap loan
$3,623/moAssumed loan: $2,528/mo
Gap financing: $1,096/mo
$1,030less per month with the assumable
Your Savings on This Property
1167 Berganot, Castle Pines · 3.04% VA vs 6.5% conventional
$1,030
per month
$12,366
per year
$370,969
over 30 years
$373,657
interest saved
How gap financing works: The equity gap ($181,232) 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 ($142,482 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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