Loan Comparison: 5.98% vs 6.5%
4242 Opal Court, Castle Rock, CO 80104 · 4bd/3ba · $719,900
List Price
$719,900
Assumable Rate
5.98%
Remaining Balance
$611,457
Equity Gap
$108,442
Loan Type
FHAAdjust Your Scenario
$35,995
$35,995$108,442
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.98% (FHA)
Blended Rate: 6.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,323/moAssumable @ 5.98% + gap loan
$4,165/moAssumed loan: $3,658/mo
Gap financing: $507/mo
$158less per month with the assumable
Your Savings on This Property
4242 Opal Court, Castle Rock · 5.98% FHA vs 6.5% conventional
$158
per month
$1,897
per year
$56,898
over 30 years
$56,897
interest saved
How gap financing works: The equity gap ($108,442) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,995, 5% of purchase price) and a second mortgage for the rest ($72,447 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 4242 Opal Court.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.