Loan Comparison: 3.67% vs 6.5%
1673 Buckskin, Brighton, CO 80603 · 3bd/3ba · $510,000
List Price
$510,000
Assumable Rate
3.67%
Remaining Balance
$170,763
Equity Gap
$339,236
Loan Type
FHAAdjust Your Scenario
$25,500
$25,500$339,236
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.67% (FHA)
Blended Rate: 6.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,062/moAssumable @ 3.67% + gap loan
$3,195/moAssumed loan: $783/mo
Gap financing: $2,412/mo
Your Savings on This Property
1673 Buckskin, Brighton · 3.67% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($339,236) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,500, 5% of purchase price) and a second mortgage for the rest ($313,736 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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