Loan Comparison: 4.72% vs 6.5%
16065 Lomand Circle, Brighton, CO 80602 · 4bd/3ba · $779,000
List Price
$779,000
Assumable Rate
4.72%
Remaining Balance
$647,661
Equity Gap
$131,338
Loan Type
FHAAdjust Your Scenario
$38,950
$38,950$131,338
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.72% (FHA)
Blended Rate: 5.07%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,678/moAssumable @ 4.72% + gap loan
$4,013/moAssumed loan: $3,367/mo
Gap financing: $646/mo
$665less per month with the assumable
Your Savings on This Property
16065 Lomand Circle, Brighton · 4.72% FHA vs 6.5% conventional
$665
per month
$7,978
per year
$239,337
over 30 years
$239,336
interest saved
How gap financing works: The equity gap ($131,338) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($38,950, 5% of purchase price) and a second mortgage for the rest ($92,388 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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