Loan Comparison: 2.68% vs 6.5%
125 22nd, Brighton, CO 80601 · 3bd/3ba · $334,000
List Price
$334,000
Assumable Rate
2.68%
Remaining Balance
$265,541
Equity Gap
$67,218
Loan Type
FHAAdjust Your Scenario
$16,700
$16,700$67,218
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (FHA)
Blended Rate: 3.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,006/moAssumable @ 2.68% + gap loan
$1,463/moAssumed loan: $1,074/mo
Gap financing: $388/mo
$543less per month with the assumable
Your Savings on This Property
125 22nd, Brighton · 2.68% FHA vs 6.5% conventional
$543
per month
$6,515
per year
$195,439
over 30 years
$194,198
interest saved
How gap financing works: The equity gap ($67,218) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,700, 5% of purchase price) and a second mortgage for the rest ($50,518 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.
📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.