Loan Comparison: 2.77% vs 6.5%
403 Twining, Brighton, CO 80601 · 5bd/4ba · $729,900
List Price
$729,900
Assumable Rate
2.77%
Remaining Balance
$627,460
Equity Gap
$301,825
Loan Type
FHAAdjust Your Scenario
$36,495
$36,495$301,825
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (FHA)
Blended Rate: 4.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,383/moAssumable @ 2.77% + gap loan
$4,608/moAssumed loan: $2,568/mo
Gap financing: $2,040/mo
Your Savings on This Property
403 Twining, Brighton · 2.77% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$118,180
interest saved
How gap financing works: The equity gap ($301,825) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,495, 5% of purchase price) and a second mortgage for the rest ($265,330 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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