Loan Comparison: 2.94% vs 6.5%
6393 Agave Avenue, Castle Rock, CO 80108 · 3bd/3ba · $590,000
List Price
$590,000
Assumable Rate
2.94%
Remaining Balance
$518,841
Equity Gap
$71,159
Loan Type
FHAAdjust Your Scenario
$29,500
$29,500$71,159
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (FHA)
Blended Rate: 3.28%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,543/moAssumable @ 2.94% + gap loan
$2,462/moAssumed loan: $2,171/mo
Gap financing: $291/mo
$1,081less per month with the assumable
Your Savings on This Property
6393 Agave Avenue, Castle Rock · 2.94% FHA vs 6.5% conventional
$1,081
per month
$12,969
per year
$389,072
over 30 years
$389,072
interest saved
How gap financing works: The equity gap ($71,159) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,500, 5% of purchase price) and a second mortgage for the rest ($41,659 at 7.5%). 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 6393 Agave Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.