Loan Comparison: 3.74% vs 6.5%
202 Saratoga Vein, Castle Rock, CO 80108 · 7bd/8ba · $2,495,000
List Price
$2,495,000
Assumable Rate
3.74%
Remaining Balance
$866,966
Equity Gap
$1,727,369
Loan Type
VAAdjust Your Scenario
$124,750
$124,750$1,727,369
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.74% (VA)
Blended Rate: 6.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$14,982/moAssumable @ 3.74% + gap loan
$16,333/moAssumed loan: $4,010/mo
Gap financing: $12,323/mo
Your Savings on This Property
202 Saratoga Vein, Castle Rock · 3.74% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($1,727,369) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($124,750, 5% of purchase price) and a second mortgage for the rest ($1,602,619 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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