Loan Comparison: 2.9% vs 6.5%
6125 Castlewood, Colorado Springs, CO 80918 · 4bd/3ba · $529,000
List Price
$529,000
Assumable Rate
2.9%
Remaining Balance
$458,713
Equity Gap
$69,275
Loan Type
VAAdjust Your Scenario
$26,450
$26,450$69,275
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.9% (VA)
Blended Rate: 3.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,176/moAssumable @ 2.9% + gap loan
$2,239/moAssumed loan: $1,909/mo
Gap financing: $329/mo
$938less per month with the assumable
Your Savings on This Property
6125 Castlewood, Colorado Springs · 2.9% VA vs 6.5% conventional
$938
per month
$11,254
per year
$337,633
over 30 years
$336,621
interest saved
How gap financing works: The equity gap ($69,275) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,450, 5% of purchase price) and a second mortgage for the rest ($42,825 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 6125 Castlewood.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.