Loan Comparison: 5.27% vs 6.5%
317 Hunter Avenue, Brighton, CO 80603 · 4bd/4ba · $429,999
List Price
$429,999
Assumable Rate
5.27%
Remaining Balance
$365,413
Equity Gap
$64,585
Loan Type
FHAAdjust Your Scenario
$21,500
$21,500$64,585
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.27% (FHA)
Blended Rate: 5.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 5.27% + gap loan
$2,324/moAssumed loan: $2,022/mo
Gap financing: $301/mo
$258less per month with the assumable
Your Savings on This Property
317 Hunter Avenue, Brighton · 5.27% FHA vs 6.5% conventional
$258
per month
$3,101
per year
$93,018
over 30 years
$93,017
interest saved
How gap financing works: The equity gap ($64,585) 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 ($43,085 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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