Loan Comparison: 3.09% vs 6.5%
128 Chipeta Way, Brighton, CO 80603 · 4bd/3ba · $534,900
List Price
$534,900
Assumable Rate
3.09%
Remaining Balance
$466,747
Equity Gap
$68,152
Loan Type
FHAAdjust Your Scenario
$26,745
$26,745$68,152
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.09% (FHA)
Blended Rate: 3.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,212/moAssumable @ 3.09% + gap loan
$2,280/moAssumed loan: $1,991/mo
Gap financing: $290/mo
$932less per month with the assumable
Your Savings on This Property
128 Chipeta Way, Brighton · 3.09% FHA vs 6.5% conventional
$932
per month
$11,182
per year
$335,451
over 30 years
$335,450
interest saved
How gap financing works: The equity gap ($68,152) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,745, 5% of purchase price) and a second mortgage for the rest ($41,407 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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