Loan Comparison: 3.55% vs 6.5%
212 Blue Bonnet Drive, Brighton, CO 80601 · 4bd/4ba · $325,000
List Price
$325,000
Assumable Rate
3.55%
Remaining Balance
$94,768
Equity Gap
$230,231
Loan Type
FHAAdjust Your Scenario
$16,250
$16,250$230,231
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.55% (FHA)
Blended Rate: 6.29%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,952/moAssumable @ 3.55% + gap loan
$1,924/moAssumed loan: $428/mo
Gap financing: $1,496/mo
$27less per month with the assumable
Your Savings on This Property
212 Blue Bonnet Drive, Brighton · 3.55% FHA vs 6.5% conventional
$27
per month
$325
per year
$9,765
over 30 years
$9,764
interest saved
How gap financing works: The equity gap ($230,231) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,250, 5% of purchase price) and a second mortgage for the rest ($213,981 at 7.5%). 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.
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