Loan Comparison: 2.8% vs 6.5%
2567 Cutters, Castle Rock, CO 80108 · 2bd/2ba · $389,000
List Price
$389,000
Assumable Rate
2.8%
Remaining Balance
$313,172
Equity Gap
$75,828
Loan Type
FHAAdjust Your Scenario
$19,450
$19,450$75,828
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.8% (FHA)
Blended Rate: 3.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,336/moAssumable @ 2.8% + gap loan
$1,720/moAssumed loan: $1,287/mo
Gap financing: $433/mo
$616less per month with the assumable
Your Savings on This Property
2567 Cutters, Castle Rock · 2.8% FHA vs 6.5% conventional
$616
per month
$7,386
per year
$221,581
over 30 years
$221,581
interest saved
How gap financing works: The equity gap ($75,828) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,450, 5% of purchase price) and a second mortgage for the rest ($56,378 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 2567 Cutters.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.