Loan Comparison: 7.07% vs 6.5%
90 Sabin Way, Brighton, CO 80603 · 3bd/2ba · $544,900
List Price
$544,900
Assumable Rate
7.07%
Remaining Balance
$509,856
Equity Gap
$35,043
Loan Type
FHAAdjust Your Scenario
$27,245
$27,245$35,043
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.07% (FHA)
Blended Rate: 7.08%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,272/moAssumable @ 7.07% + gap loan
$3,471/moAssumed loan: $3,416/mo
Gap financing: $55/mo
Your Savings on This Property
90 Sabin Way, Brighton · 7.07% 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 ($35,043) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,245, 5% of purchase price) and a second mortgage for the rest ($7,798 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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