Loan Comparison: 3.07% vs 6.5%
12179 Village, Brighton, CO 80603 · 4bd/3ba · $540,000
List Price
$540,000
Assumable Rate
3.07%
Remaining Balance
$294,963
Equity Gap
$245,036
Loan Type
FHAAdjust Your Scenario
$27,000
$27,000$245,036
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (FHA)
Blended Rate: 5.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,243/moAssumable @ 3.07% + gap loan
$2,931/moAssumed loan: $1,255/mo
Gap financing: $1,677/mo
$311less per month with the assumable
Your Savings on This Property
12179 Village, Brighton · 3.07% FHA vs 6.5% conventional
$311
per month
$3,735
per year
$112,054
over 30 years
$112,053
interest saved
How gap financing works: The equity gap ($245,036) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,000, 5% of purchase price) and a second mortgage for the rest ($218,036 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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