Loan Comparison: 2.76% vs 6.5%
2919 Breezy, Castle Rock, CO 80109 · 4bd/4ba · $1,275,000
List Price
$1,275,000
Assumable Rate
2.76%
Remaining Balance
$842,211
Equity Gap
$432,789
Loan Type
VAAdjust Your Scenario
$63,750
$63,750$432,789
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.76% (VA)
Blended Rate: 4.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$7,656/moAssumable @ 2.76% + gap loan
$6,280/moAssumed loan: $3,443/mo
Gap financing: $2,838/mo
$1,376less per month with the assumable
Your Savings on This Property
2919 Breezy, Castle Rock · 2.76% VA vs 6.5% conventional
$1,376
per month
$16,507
per year
$495,223
over 30 years
$495,223
interest saved
How gap financing works: The equity gap ($432,789) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($63,750, 5% of purchase price) and a second mortgage for the rest ($369,039 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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