Loan Comparison: 2.68% vs 6.5%
125 22nd, Brighton, CO 80601 · 3bd/3ba · $339,000
List Price
$339,000
Assumable Rate
2.68%
Remaining Balance
$266,162
Equity Gap
$72,838
Loan Type
FHAAdjust Your Scenario
$16,950
$16,950$72,838
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.68% (FHA)
Blended Rate: 3.69%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,036/moAssumable @ 2.68% + gap loan
$1,506/moAssumed loan: $1,077/mo
Gap financing: $430/mo
$529less per month with the assumable
Your Savings on This Property
125 22nd, Brighton · 2.68% FHA vs 6.5% conventional
$529
per month
$6,349
per year
$190,478
over 30 years
$190,478
interest saved
How gap financing works: The equity gap ($72,838) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,950, 5% of purchase price) and a second mortgage for the rest ($55,888 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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