Loan Comparison: 3.5% vs 6.5%
2627 Hillcroft, Castle Rock, CO 80104 · 5bd/5ba · $945,000
List Price
$945,000
Assumable Rate
3.5%
Remaining Balance
$623,580
Equity Gap
$321,420
Loan Type
VAAdjust Your Scenario
$47,250
$47,250$321,420
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.5% (VA)
Blended Rate: 5.03%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,674/moAssumable @ 3.5% + gap loan
$4,908/moAssumed loan: $2,800/mo
Gap financing: $2,108/mo
$766less per month with the assumable
Your Savings on This Property
2627 Hillcroft, Castle Rock · 3.5% VA vs 6.5% conventional
$766
per month
$9,193
per year
$275,799
over 30 years
$275,799
interest saved
How gap financing works: The equity gap ($321,420) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($47,250, 5% of purchase price) and a second mortgage for the rest ($274,170 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 2627 Hillcroft.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.