🏠The Assumable Guy

Loan Comparison: 3.16% vs 6.5%

1141 Gilbert, Castle Rock, CO 80104 · 2bd/2ba · $205,000

List Price
$205,000
Assumable Rate
3.16%
Remaining Balance
$224,803
Equity Gap
$-19,803
Loan Type
FHA

No Secondary Financing Needed

The equity gap on this property ($-19,803) is less than 5% of the purchase price ($10,250). Your down payment covers the full gap with no second mortgage required.

Down Payment
$-19,803
Effective Rate
3.16%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$1,231/mo
Assumable @ 3.16%
$967/mo
$264less per month with the assumable

Your Savings on This Property

1141 Gilbert, Castle Rock · 3.16% FHA vs 6.5% conventional

$264
per month
$3,164
per year
$94,920
over 30 years
$124,973
interest saved
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