Loan Comparison: 4.15% vs 6.5%
214 Blue Bonnet, Brighton, CO 80601 · 2bd/3ba · $329,990
List Price
$329,990
Assumable Rate
4.15%
Remaining Balance
$141,623
Equity Gap
$188,367
Loan Type
FHAAdjust Your Scenario
$16,500
$16,500$188,367
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.15% (FHA)
Blended Rate: 6.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,981/moAssumable @ 4.15% + gap loan
$2,010/moAssumed loan: $688/mo
Gap financing: $1,322/mo
Your Savings on This Property
214 Blue Bonnet, Brighton · 4.15% 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 ($188,367) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,500, 5% of purchase price) and a second mortgage for the rest ($171,867 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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