Loan Comparison: 5.27% vs 6.5%
7869 Solstice, Castle Rock, CO 80108 · 6bd/5ba · $780,000
List Price
$780,000
Assumable Rate
5.27%
Remaining Balance
$700,550
Equity Gap
$123,112
Loan Type
VAAdjust Your Scenario
$39,000
$39,000$123,112
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.27% (VA)
Blended Rate: 5.62%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,684/moAssumable @ 5.27% + gap loan
$4,524/moAssumed loan: $3,877/mo
Gap financing: $647/mo
$160less per month with the assumable
Your Savings on This Property
7869 Solstice, Castle Rock · 5.27% VA vs 6.5% conventional
$160
per month
$1,917
per year
$57,503
over 30 years
$101,165
interest saved
How gap financing works: The equity gap ($123,112) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,000, 5% of purchase price) and a second mortgage for the rest ($84,112 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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