Loan Comparison: 6.5% vs 6.5%
7932 123rd Place, Brighton, CO 80602 · 4bd/2ba · $774,900
List Price
$774,900
Assumable Rate
6.5%
Remaining Balance
$716,306
Equity Gap
$58,593
Loan Type
FHAAdjust Your Scenario
$38,745
$38,745$58,593
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (FHA)
Blended Rate: 6.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,653/moAssumable @ 6.5% + gap loan
$4,666/moAssumed loan: $4,528/mo
Gap financing: $139/mo
Your Savings on This Property
7932 123rd Place, 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 ($58,593) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,745, 5% of purchase price) and a second mortgage for the rest ($19,848 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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