Loan Comparison: 4.1% vs 6.5%
1804 Taos Street, Brighton, CO 80603 · 4bd/3ba · $429,999
List Price
$429,999
Assumable Rate
4.1%
Remaining Balance
$238,933
Equity Gap
$191,066
Loan Type
FHAAdjust Your Scenario
$21,500
$21,500$191,066
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.1% (FHA)
Blended Rate: 5.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 4.1% + gap loan
$2,340/moAssumed loan: $1,155/mo
Gap financing: $1,186/mo
$242less per month with the assumable
Your Savings on This Property
1804 Taos Street, Brighton · 4.1% FHA vs 6.5% conventional
$242
per month
$2,902
per year
$87,063
over 30 years
$87,063
interest saved
How gap financing works: The equity gap ($191,066) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,500, 5% of purchase price) and a second mortgage for the rest ($169,566 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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