Loan Comparison: 3.44% vs 6.5%
1904 Coach House, Castle Rock, CO 80109 · 4bd/3ba · $615,000
List Price
$615,000
Assumable Rate
3.44%
Remaining Balance
$230,414
Equity Gap
$384,586
Loan Type
VAAdjust Your Scenario
$30,750
$30,750$384,586
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.44% (VA)
Blended Rate: 6.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,693/moAssumable @ 3.44% + gap loan
$3,748/moAssumed loan: $1,027/mo
Gap financing: $2,721/mo
Your Savings on This Property
1904 Coach House, Castle Rock · 3.44% 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 ($384,586) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,750, 5% of purchase price) and a second mortgage for the rest ($353,836 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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