Loan Comparison: 5.7% vs 6.5%
6686 Solana, Castle Pines, CO 80108 · 5bd/3ba · $835,000
List Price
$835,000
Assumable Rate
5.7%
Remaining Balance
$748,241
Equity Gap
$86,759
Loan Type
VAAdjust Your Scenario
$41,750
$41,750$86,759
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.7% (VA)
Blended Rate: 5.86%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,014/moAssumable @ 5.7% + gap loan
$4,689/moAssumed loan: $4,343/mo
Gap financing: $346/mo
$325less per month with the assumable
Your Savings on This Property
6686 Solana, Castle Pines · 5.7% VA vs 6.5% conventional
$325
per month
$3,900
per year
$117,002
over 30 years
$117,002
interest saved
How gap financing works: The equity gap ($86,759) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($41,750, 5% of purchase price) and a second mortgage for the rest ($45,009 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.
🏠
Back to This Listing
View photos, details, and request a showing for 6686 Solana.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.