Loan Comparison: 2.99% vs 6.5%
1081 Brio, Lochbuie, CO 80603 · 4bd/3ba · $523,000
List Price
$523,000
Assumable Rate
2.99%
Remaining Balance
$344,301
Equity Gap
$178,699
Loan Type
FHAAdjust Your Scenario
$26,150
$26,150$178,699
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.99% (FHA)
Blended Rate: 4.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,140/moAssumable @ 2.99% + gap loan
$2,623/moAssumed loan: $1,450/mo
Gap financing: $1,173/mo
$518less per month with the assumable
Your Savings on This Property
1081 Brio, Lochbuie · 2.99% FHA vs 6.5% conventional
$518
per month
$6,213
per year
$186,383
over 30 years
$186,383
interest saved
How gap financing works: The equity gap ($178,699) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,150, 5% of purchase price) and a second mortgage for the rest ($152,549 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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