Loan Comparison: 3.5% vs 6.5%
1201 Osprey Street, Brighton, CO 80601 · 4bd/3ba · $500,000
List Price
$500,000
Assumable Rate
3.5%
Remaining Balance
$72,979
Equity Gap
$427,021
Loan Type
FHAAdjust Your Scenario
$25,000
$25,000$427,021
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.5% (FHA)
Blended Rate: 6.89%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 3.5% + gap loan
$3,139/moAssumed loan: $328/mo
Gap financing: $2,811/mo
Your Savings on This Property
1201 Osprey Street, Brighton · 3.5% 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 ($427,021) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($402,021 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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