Loan Comparison: 4.14% vs 6.5%
2586 Meadows Boulevard, Castle Rock, CO 80109 · 3bd/3ba · $450,000
List Price
$450,000
Assumable Rate
4.14%
Remaining Balance
$295,395
Equity Gap
$154,604
Loan Type
FHAAdjust Your Scenario
$22,500
$22,500$154,604
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.14% (FHA)
Blended Rate: 5.18%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,702/moAssumable @ 4.14% + gap loan
$2,358/moAssumed loan: $1,434/mo
Gap financing: $924/mo
$344less per month with the assumable
Your Savings on This Property
2586 Meadows Boulevard, Castle Rock · 4.14% FHA vs 6.5% conventional
$344
per month
$4,130
per year
$123,910
over 30 years
$123,909
interest saved
How gap financing works: The equity gap ($154,604) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,500, 5% of purchase price) and a second mortgage for the rest ($132,104 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 2586 Meadows Boulevard.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.