Loan Comparison: 3.26% vs 6.5%
453 Oxbow Drive, Brighton, CO 80602 · 2bd/3ba · $520,000
List Price
$520,000
Assumable Rate
3.26%
Remaining Balance
$357,410
Equity Gap
$162,589
Loan Type
FHAAdjust Your Scenario
$26,000
$26,000$162,589
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.26% (FHA)
Blended Rate: 4.43%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 3.26% + gap loan
$2,512/moAssumed loan: $1,557/mo
Gap financing: $955/mo
$610less per month with the assumable
Your Savings on This Property
453 Oxbow Drive, Brighton · 3.26% FHA vs 6.5% conventional
$610
per month
$7,319
per year
$219,576
over 30 years
$219,575
interest saved
How gap financing works: The equity gap ($162,589) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($136,589 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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