Loan Comparison: 5.23% vs 6.5%
3583 Brushwood Drive, Castle Rock, CO 80109 · 3bd/3ba · $599,000
List Price
$599,000
Assumable Rate
5.23%
Remaining Balance
$543,587
Equity Gap
$55,412
Loan Type
FHAAdjust Your Scenario
$29,950
$29,950$55,412
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.23% (FHA)
Blended Rate: 5.33%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,597/moAssumable @ 5.23% + gap loan
$3,173/moAssumed loan: $2,995/mo
Gap financing: $178/mo
$424less per month with the assumable
Your Savings on This Property
3583 Brushwood Drive, Castle Rock · 5.23% FHA vs 6.5% conventional
$424
per month
$5,085
per year
$152,558
over 30 years
$152,557
interest saved
How gap financing works: The equity gap ($55,412) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,950, 5% of purchase price) and a second mortgage for the rest ($25,462 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 3583 Brushwood Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.