Loan Comparison: 2.73% vs 6.5%
2456 Cherry Circle, Brighton, CO 80241 · 5bd/3ba · $499,900
List Price
$499,900
Assumable Rate
2.73%
Remaining Balance
$390,592
Equity Gap
$109,307
Loan Type
FHAAdjust Your Scenario
$24,995
$24,995$109,307
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.73% (FHA)
Blended Rate: 3.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 2.73% + gap loan
$2,180/moAssumed loan: $1,590/mo
Gap financing: $590/mo
$822less per month with the assumable
Your Savings on This Property
2456 Cherry Circle, Brighton · 2.73% FHA vs 6.5% conventional
$822
per month
$9,861
per year
$295,840
over 30 years
$295,839
interest saved
How gap financing works: The equity gap ($109,307) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,995, 5% of purchase price) and a second mortgage for the rest ($84,312 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.
🏠
Back to This Listing
View photos, details, and request a showing for 2456 Cherry Circle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.