Loan Comparison: 3.46% vs 6.5%
494 Black Feather, Castle Rock, CO 80104 · 2bd/2ba · $340,000
List Price
$340,000
Assumable Rate
3.46%
Remaining Balance
$180,192
Equity Gap
$159,302
Loan Type
FHAAdjust Your Scenario
$17,000
$17,000$159,302
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.46% (FHA)
Blended Rate: 5.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,042/moAssumable @ 3.46% + gap loan
$1,899/moAssumed loan: $805/mo
Gap financing: $1,094/mo
$142less per month with the assumable
Your Savings on This Property
494 Black Feather, Castle Rock · 3.46% FHA vs 6.5% conventional
$142
per month
$1,707
per year
$51,219
over 30 years
$50,713
interest saved
How gap financing works: The equity gap ($159,302) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,000, 5% of purchase price) and a second mortgage for the rest ($142,302 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 494 Black Feather.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.