Loan Comparison: 3.67% vs 6.5%
1673 Buckskin Avenue, Brighton, CO 80603 · 2bd/2ba · $490,000
List Price
$490,000
Assumable Rate
3.67%
Remaining Balance
$168,214
Equity Gap
$321,785
Loan Type
FHAAdjust Your Scenario
$24,500
$24,500$321,785
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.67% (FHA)
Blended Rate: 6.12%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,942/moAssumable @ 3.67% + gap loan
$2,850/moAssumed loan: $771/mo
Gap financing: $2,079/mo
$92less per month with the assumable
Your Savings on This Property
1673 Buckskin Avenue, Brighton · 3.67% FHA vs 6.5% conventional
$92
per month
$1,106
per year
$33,195
over 30 years
$33,194
interest saved
How gap financing works: The equity gap ($321,785) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,500, 5% of purchase price) and a second mortgage for the rest ($297,285 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.
🏠
Back to This Listing
View photos, details, and request a showing for 1673 Buckskin Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.