Loan Comparison: 3.04% vs 6.5%
47 Back Nine, Castle Pines, CO 80108 · 4bd/3ba · $935,000
List Price
$935,000
Assumable Rate
3.04%
Remaining Balance
$482,674
Equity Gap
$452,325
Loan Type
VAAdjust Your Scenario
$46,750
$46,750$452,325
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.04% (VA)
Blended Rate: 5.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,614/moAssumable @ 3.04% + gap loan
$5,164/moAssumed loan: $2,045/mo
Gap financing: $3,119/mo
$450less per month with the assumable
Your Savings on This Property
47 Back Nine, Castle Pines · 3.04% VA vs 6.5% conventional
$450
per month
$5,405
per year
$162,152
over 30 years
$162,151
interest saved
How gap financing works: The equity gap ($452,325) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($46,750, 5% of purchase price) and a second mortgage for the rest ($405,575 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 47 Back Nine.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.