409 Lockwood Street
FHA Assumable
2.8% Rate
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409 Lockwood Street

Castle Rock, CO 80104

4
Bedrooms
4
Bathrooms
3,443
Sq Ft

Payment Calculator

$2,508
per month, total
$27,498
cash you bring

In an assumption, your down payment covers the seller's equity. You'll need at least 5% of the purchase price in cash, and the rest can be covered with secondary financing.

How much can you bring down?$27,498
$27,498$152,641
Second loan$125,143
%
Blended rate3.93% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,302/mo
Assumable @ 2.8% + gap
$2,508/mo
$795less per month
$795
per month
$9,537
per year
$286,099
over 30 years

Estimates only, not a loan offer, quote, or approval. Payments are principal and interest and exclude taxes, insurance, HOA dues and closing costs. The second-loan rate is an assumption you can edit, not a quoted rate. Assumption terms are subject to lender and servicer approval and verification.

🏦 Loan Details

List Price
$549,950
Assumable Rate
2.8%
Remaining Balance
$397,308
Loan Type
FHA
Est. Equity Gap
$152,641

Listing information is deemed reliable but not guaranteed. All data provided by the MLS and is subject to change. The Assumable Guy is not the listing agent for this property. Contact us to connect with the listing agent and explore assumable financing options.

This listing
$549,950
2.8% rateFHASave $795/mo

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