Loan Comparison: 3.76% vs 6.5%
3594 Cade, Castle Rock, CO 80104 · 5bd/4ba · $665,000
List Price
$665,000
Assumable Rate
3.76%
Remaining Balance
$530,879
Equity Gap
$134,121
Loan Type
VAAdjust Your Scenario
$33,250
$33,250$134,121
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 4.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,993/moAssumable @ 3.76% + gap loan
$3,237/moAssumed loan: $2,462/mo
Gap financing: $776/mo
$756less per month with the assumable
Your Savings on This Property
3594 Cade, Castle Rock · 3.76% VA vs 6.5% conventional
$756
per month
$9,071
per year
$272,118
over 30 years
$272,118
interest saved
How gap financing works: The equity gap ($134,121) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,250, 5% of purchase price) and a second mortgage for the rest ($100,871 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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