Loan Comparison: 3.75% vs 6.5%
8343 Briar Trace, Castle Rock, CO 80108 · 4bd/4ba · $759,000
List Price
$759,000
Assumable Rate
3.75%
Remaining Balance
$304,437
Equity Gap
$454,563
Loan Type
VAAdjust Your Scenario
$37,950
$37,950$454,563
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.75% (VA)
Blended Rate: 6.49%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,558/moAssumable @ 3.75% + gap loan
$4,613/moAssumed loan: $1,410/mo
Gap financing: $3,203/mo
Your Savings on This Property
8343 Briar Trace, Castle Rock · 3.75% 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 ($454,563) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,950, 5% of purchase price) and a second mortgage for the rest ($416,613 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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