Loan Comparison: 2.76% vs 6.5%
5176 Ditmars, Castle Rock, CO 80104 · 6bd/4ba · $799,950
List Price
$799,950
Assumable Rate
2.76%
Remaining Balance
$627,281
Equity Gap
$172,669
Loan Type
VAAdjust Your Scenario
$39,998
$39,998$172,669
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.76% (VA)
Blended Rate: 3.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,803/moAssumable @ 2.76% + gap loan
$3,584/moAssumed loan: $2,564/mo
Gap financing: $1,020/mo
$1,219less per month with the assumable
Your Savings on This Property
5176 Ditmars, Castle Rock · 2.76% VA vs 6.5% conventional
$1,219
per month
$14,630
per year
$438,893
over 30 years
$438,893
interest saved
How gap financing works: The equity gap ($172,669) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,998, 5% of purchase price) and a second mortgage for the rest ($132,671 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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