Loan Comparison: 6.71% vs 6.5%
5129 Goshawk Street, Brighton, CO 80601 · 5bd/4ba · $324,990
List Price
$324,990
Assumable Rate
6.71%
Remaining Balance
$247,834
Equity Gap
$77,155
Loan Type
FHAAdjust Your Scenario
$16,250
$16,250$77,155
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.71% (FHA)
Blended Rate: 6.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,951/moAssumable @ 6.71% + gap loan
$2,027/moAssumed loan: $1,601/mo
Gap financing: $426/mo
Your Savings on This Property
5129 Goshawk Street, Brighton · 6.71% 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 ($77,155) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,250, 5% of purchase price) and a second mortgage for the rest ($60,905 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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