Loan Comparison: 2.83% vs 6.5%
4350 Old Windmill Way, Castle Rock, CO 80109 · 4bd/4ba · $590,000
List Price
$590,000
Assumable Rate
2.83%
Remaining Balance
$356,541
Equity Gap
$233,458
Loan Type
VAAdjust Your Scenario
$29,500
$29,500$233,458
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (VA)
Blended Rate: 4.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,543/moAssumable @ 2.83% + gap loan
$2,897/moAssumed loan: $1,471/mo
Gap financing: $1,426/mo
$646less per month with the assumable
Your Savings on This Property
4350 Old Windmill Way, Castle Rock · 2.83% VA vs 6.5% conventional
$646
per month
$7,751
per year
$232,538
over 30 years
$232,537
interest saved
How gap financing works: The equity gap ($233,458) 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 ($203,958 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 4350 Old Windmill Way.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.