Loan Comparison: 3.45% vs 6.5%
5019 Thistle, Brighton, CO 80601 · 5bd/4ba · $600,000
List Price
$600,000
Assumable Rate
3.45%
Remaining Balance
$539,992
Equity Gap
$55,731
Loan Type
FHAAdjust Your Scenario
$30,000
$30,000$55,731
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 3.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 3.45% + gap loan
$2,608/moAssumed loan: $2,410/mo
Gap financing: $198/mo
$995less per month with the assumable
Your Savings on This Property
5019 Thistle, Brighton · 3.45% FHA vs 6.5% conventional
$995
per month
$11,942
per year
$358,265
over 30 years
$353,988
interest saved
How gap financing works: The equity gap ($55,731) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($25,731 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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