Loan Comparison: 4.98% vs 6.5%
2618 Villageview, Castle Rock, CO 80104 · 5bd/3ba · $650,000
List Price
$650,000
Assumable Rate
4.98%
Remaining Balance
$588,344
Equity Gap
$61,656
Loan Type
FHAAdjust Your Scenario
$32,500
$32,500$61,656
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (FHA)
Blended Rate: 5.15%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 4.98% + gap loan
$3,375/moAssumed loan: $3,151/mo
Gap financing: $224/mo
$528less per month with the assumable
Your Savings on This Property
2618 Villageview, Castle Rock · 4.98% FHA vs 6.5% conventional
$528
per month
$6,332
per year
$189,960
over 30 years
$189,960
interest saved
How gap financing works: The equity gap ($61,656) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($29,156 at 8.5%). 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 2618 Villageview.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.