Loan Comparison: 6.5% vs 6.5%
881 Sawdust Drive, Brighton, CO 80601 · 3bd/2ba · $515,000
List Price
$515,000
Assumable Rate
6.5%
Remaining Balance
$449,970
Equity Gap
$65,029
Loan Type
FHAAdjust Your Scenario
$25,750
$25,750$65,029
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (FHA)
Blended Rate: 6.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 6.5% + gap loan
$3,119/moAssumed loan: $2,844/mo
Gap financing: $275/mo
Your Savings on This Property
881 Sawdust Drive, Brighton · 6.5% 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 ($65,029) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($39,279 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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