Loan Comparison: 3.76% vs 6.5%
193 Vista, Brighton, CO 80603 · 4bd/3ba · $434,900
List Price
$434,900
Assumable Rate
3.76%
Remaining Balance
$351,054
Equity Gap
$84,501
Loan Type
FHAAdjust Your Scenario
$21,745
$21,745$84,501
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (FHA)
Blended Rate: 4.48%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,611/moAssumable @ 3.76% + gap loan
$2,110/moAssumed loan: $1,628/mo
Gap financing: $483/mo
$501less per month with the assumable
Your Savings on This Property
193 Vista, Brighton · 3.76% FHA vs 6.5% conventional
$501
per month
$6,013
per year
$180,397
over 30 years
$181,052
interest saved
How gap financing works: The equity gap ($84,501) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,745, 5% of purchase price) and a second mortgage for the rest ($62,756 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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