Loan Comparison: 5.41% vs 6.5%
3461 Maple Circle, Brighton, CO 80601 · 3bd/3ba · $625,000
List Price
$625,000
Assumable Rate
5.41%
Remaining Balance
$555,690
Equity Gap
$69,309
Loan Type
FHAAdjust Your Scenario
$31,250
$31,250$69,309
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (FHA)
Blended Rate: 5.54%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,753/moAssumable @ 5.41% + gap loan
$3,390/moAssumed loan: $3,124/mo
Gap financing: $266/mo
$363less per month with the assumable
Your Savings on This Property
3461 Maple Circle, Brighton · 5.41% FHA vs 6.5% conventional
$363
per month
$4,355
per year
$130,662
over 30 years
$130,661
interest saved
How gap financing works: The equity gap ($69,309) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,250, 5% of purchase price) and a second mortgage for the rest ($38,059 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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