Loan Comparison: 3.08% vs 6.5%
805 Pintail Avenue, Brighton, CO 80601 · 4bd/3ba · $409,000
List Price
$409,000
Assumable Rate
3.08%
Remaining Balance
$288,612
Equity Gap
$120,387
Loan Type
FHAAdjust Your Scenario
$20,450
$20,450$120,387
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (FHA)
Blended Rate: 4.22%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,456/moAssumable @ 3.08% + gap loan
$1,928/moAssumed loan: $1,229/mo
Gap financing: $699/mo
$528less per month with the assumable
Your Savings on This Property
805 Pintail Avenue, Brighton · 3.08% FHA vs 6.5% conventional
$528
per month
$6,334
per year
$190,022
over 30 years
$190,021
interest saved
How gap financing works: The equity gap ($120,387) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,450, 5% of purchase price) and a second mortgage for the rest ($99,937 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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