Loan Comparison: 4.17% vs 6.5%
4647 Gray Wolf, Castle Rock, CO 80104 · 4bd/3ba · $765,000
List Price
$765,000
Assumable Rate
4.17%
Remaining Balance
$553,959
Equity Gap
$209,108
Loan Type
VAAdjust Your Scenario
$38,250
$38,250$209,108
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (VA)
Blended Rate: 5.19%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,594/moAssumable @ 4.17% + gap loan
$4,013/moAssumed loan: $2,699/mo
Gap financing: $1,314/mo
$581less per month with the assumable
Your Savings on This Property
4647 Gray Wolf, Castle Rock · 4.17% VA vs 6.5% conventional
$581
per month
$6,966
per year
$208,995
over 30 years
$207,062
interest saved
How gap financing works: The equity gap ($209,108) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,250, 5% of purchase price) and a second mortgage for the rest ($170,858 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 4647 Gray Wolf.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.