Loan Comparison: 6.78% vs 6.5%
1309 Parsons Avenue, Castle Rock, CO 80104 · 4bd/4ba · $549,500
List Price
$549,500
Assumable Rate
6.78%
Remaining Balance
$496,087
Equity Gap
$53,413
Loan Type
FHAAdjust Your Scenario
$27,475
$27,475$53,413
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.78% (FHA)
Blended Rate: 6.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,300/moAssumable @ 6.78% + gap loan
$3,409/moAssumed loan: $3,228/mo
Gap financing: $181/mo
Your Savings on This Property
1309 Parsons Avenue, Castle Rock · 6.78% 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 ($53,413) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,475, 5% of purchase price) and a second mortgage for the rest ($25,938 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 1309 Parsons Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.