Loan Comparison: 3.02% vs 6.5%
4664 Nutmeg, Castle Rock, CO 80109 · 6bd/4ba · $875,000
List Price
$875,000
Assumable Rate
3.02%
Remaining Balance
$424,259
Equity Gap
$450,741
Loan Type
VAAdjust Your Scenario
$43,750
$43,750$450,741
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 5.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,254/moAssumable @ 3.02% + gap loan
$4,923/moAssumed loan: $1,793/mo
Gap financing: $3,129/mo
$331less per month with the assumable
Your Savings on This Property
4664 Nutmeg, Castle Rock · 3.02% VA vs 6.5% conventional
$331
per month
$3,977
per year
$119,298
over 30 years
$119,298
interest saved
How gap financing works: The equity gap ($450,741) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,750, 5% of purchase price) and a second mortgage for the rest ($406,991 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 4664 Nutmeg.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.