Loan Comparison: 6.65% vs 6.5%
727 Willow Drive, Brighton, CO 80603 · 3bd/2ba · $410,000
List Price
$410,000
Assumable Rate
6.65%
Remaining Balance
$258,164
Equity Gap
$151,836
Loan Type
FHAAdjust Your Scenario
$20,500
$20,500$151,836
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.65% (FHA)
Blended Rate: 6.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,462/moAssumable @ 6.65% + gap loan
$2,576/moAssumed loan: $1,657/mo
Gap financing: $918/mo
Your Savings on This Property
727 Willow Drive, Brighton · 6.65% 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 ($151,836) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,500, 5% of purchase price) and a second mortgage for the rest ($131,336 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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