Loan Comparison: 3.63% vs 6.5%
10303 150th, Brighton, CO 80602 · 4bd/4ba · $870,000
List Price
$870,000
Assumable Rate
3.63%
Remaining Balance
$498,290
Equity Gap
$371,709
Loan Type
FHAAdjust Your Scenario
$43,500
$43,500$371,709
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.63% (FHA)
Blended Rate: 5.56%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,224/moAssumable @ 3.63% + gap loan
$4,798/moAssumed loan: $2,274/mo
Gap financing: $2,524/mo
$427less per month with the assumable
Your Savings on This Property
10303 150th, Brighton · 3.63% FHA vs 6.5% conventional
$427
per month
$5,118
per year
$153,554
over 30 years
$153,553
interest saved
How gap financing works: The equity gap ($371,709) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,500, 5% of purchase price) and a second mortgage for the rest ($328,209 at 8.5%). 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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