Loan Comparison: 3.02% vs 6.5%
7267 Mountain Brush Lane, Highlands Ranch, CO 80130 · 4bd/3ba · $719,900
List Price
$719,900
Assumable Rate
3.02%
Remaining Balance
$412,637
Equity Gap
$307,262
Loan Type
FHAAdjust Your Scenario
$35,995
$35,995$307,262
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (FHA)
Blended Rate: 4.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,323/moAssumable @ 3.02% + gap loan
$3,641/moAssumed loan: $1,744/mo
Gap financing: $1,897/mo
$682less per month with the assumable
Your Savings on This Property
7267 Mountain Brush Lane, Highlands Ranch · 3.02% FHA vs 6.5% conventional
$682
per month
$8,182
per year
$245,469
over 30 years
$245,468
interest saved
How gap financing works: The equity gap ($307,262) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,995, 5% of purchase price) and a second mortgage for the rest ($271,267 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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