Loan Comparison: 6.43% vs 6.5%
312 31st Avenue, Brighton, CO 80601 · 3bd/3ba · $499,900
List Price
$499,900
Assumable Rate
6.43%
Remaining Balance
$417,180
Equity Gap
$82,720
Loan Type
FHAAdjust Your Scenario
$24,995
$24,995$82,720
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.43% (FHA)
Blended Rate: 6.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 6.43% + gap loan
$3,021/moAssumed loan: $2,618/mo
Gap financing: $404/mo
Your Savings on This Property
312 31st Avenue, Brighton · 6.43% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($82,720) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,995, 5% of purchase price) and a second mortgage for the rest ($57,725 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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