Loan Comparison: 3.76% vs 6.5%
193 Vista, Brighton, CO 80603 · 4bd/3ba · $419,900
List Price
$419,900
Assumable Rate
3.76%
Remaining Balance
$349,741
Equity Gap
$70,159
Loan Type
FHAAdjust Your Scenario
$20,995
$20,995$70,159
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (FHA)
Blended Rate: 4.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,521/moAssumable @ 3.76% + gap loan
$2,000/moAssumed loan: $1,622/mo
Gap financing: $378/mo
$522less per month with the assumable
Your Savings on This Property
193 Vista, Brighton · 3.76% FHA vs 6.5% conventional
$522
per month
$6,260
per year
$187,788
over 30 years
$187,788
interest saved
How gap financing works: The equity gap ($70,159) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,995, 5% of purchase price) and a second mortgage for the rest ($49,164 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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