Loan Comparison: 2.94% vs 6.5%
1990 Treetop, Castle Rock, CO 80109 · 6bd/4ba · $799,999
List Price
$799,999
Assumable Rate
2.94%
Remaining Balance
$739,363
Equity Gap
$60,636
Loan Type
VAAdjust Your Scenario
$40,000
$40,000$60,636
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (VA)
Blended Rate: 3.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,804/moAssumable @ 2.94% + gap loan
$3,252/moAssumed loan: $3,093/mo
Gap financing: $159/mo
$1,552less per month with the assumable
Your Savings on This Property
1990 Treetop, Castle Rock · 2.94% VA vs 6.5% conventional
$1,552
per month
$18,621
per year
$558,622
over 30 years
$558,622
interest saved
How gap financing works: The equity gap ($60,636) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($40,000, 5% of purchase price) and a second mortgage for the rest ($20,636 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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