Loan Comparison: 2.88% vs 6.5%
1105 Bulkey, Castle Rock, CO 80108 · 5bd/3ba · $738,610
List Price
$738,610
Assumable Rate
2.88%
Remaining Balance
$544,577
Equity Gap
$194,033
Loan Type
VAAdjust Your Scenario
$36,931
$36,931$194,033
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 4.14%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,435/moAssumable @ 2.88% + gap loan
$3,469/moAssumed loan: $2,261/mo
Gap financing: $1,208/mo
$966less per month with the assumable
Your Savings on This Property
1105 Bulkey, Castle Rock · 2.88% VA vs 6.5% conventional
$966
per month
$11,595
per year
$347,849
over 30 years
$347,849
interest saved
How gap financing works: The equity gap ($194,033) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,931, 5% of purchase price) and a second mortgage for the rest ($157,102 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 1105 Bulkey.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.