Loan Comparison: 6.39% vs 6.5%
2877 Villageview Lane, Castle Rock, CO 80134 · 5bd/4ba · $670,000
List Price
$670,000
Assumable Rate
6.39%
Remaining Balance
$622,521
Equity Gap
$47,479
Loan Type
FHAAdjust Your Scenario
$33,500
$33,500$47,479
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.39% (FHA)
Blended Rate: 6.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,023/moAssumable @ 6.39% + gap loan
$3,988/moAssumed loan: $3,890/mo
Gap financing: $98/mo
$36less per month with the assumable
Your Savings on This Property
2877 Villageview Lane, Castle Rock · 6.39% FHA vs 6.5% conventional
$36
per month
$426
per year
$12,794
over 30 years
$12,794
interest saved
How gap financing works: The equity gap ($47,479) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($33,500, 5% of purchase price) and a second mortgage for the rest ($13,979 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 2877 Villageview Lane.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.