Loan Comparison: 3.76% vs 6.5%
3594 Cade, Castle Rock, CO 80104 · 5bd/4ba · $675,000
List Price
$675,000
Assumable Rate
3.76%
Remaining Balance
$534,891
Equity Gap
$143,113
Loan Type
VAAdjust Your Scenario
$33,750
$33,750$143,113
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 4.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,053/moAssumable @ 3.76% + gap loan
$3,321/moAssumed loan: $2,480/mo
Gap financing: $841/mo
$732less per month with the assumable
Your Savings on This Property
3594 Cade, Castle Rock · 3.76% VA vs 6.5% conventional
$732
per month
$8,784
per year
$263,531
over 30 years
$266,535
interest saved
How gap financing works: The equity gap ($143,113) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,750, 5% of purchase price) and a second mortgage for the rest ($109,363 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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