Loan Comparison: 3.77% vs 6.5%
5849 Point Rider Circle, Castle Rock, CO 80108 · 3bd/4ba · $599,999
List Price
$599,999
Assumable Rate
3.77%
Remaining Balance
$358,017
Equity Gap
$241,982
Loan Type
FHAAdjust Your Scenario
$30,000
$30,000$241,982
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.77% (FHA)
Blended Rate: 5.16%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 3.77% + gap loan
$3,144/moAssumed loan: $1,662/mo
Gap financing: $1,482/mo
$458less per month with the assumable
Your Savings on This Property
5849 Point Rider Circle, Castle Rock · 3.77% FHA vs 6.5% conventional
$458
per month
$5,502
per year
$165,051
over 30 years
$165,051
interest saved
How gap financing works: The equity gap ($241,982) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($211,982 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 5849 Point Rider Circle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.