Loan Comparison: 6.71% vs 6.5%
3700 Black Feather Trail, Castle Rock, CO 80104 · 5bd/3ba · $580,000
List Price
$580,000
Assumable Rate
6.71%
Remaining Balance
$479,933
Equity Gap
$100,066
Loan Type
FHAAdjust Your Scenario
$29,000
$29,000$100,066
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.71% (FHA)
Blended Rate: 6.81%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,483/moAssumable @ 6.71% + gap loan
$3,597/moAssumed loan: $3,100/mo
Gap financing: $497/mo
Your Savings on This Property
3700 Black Feather Trail, Castle Rock · 6.71% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($100,066) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,000, 5% of purchase price) and a second mortgage for the rest ($71,066 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 3700 Black Feather Trail.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.