Loan Comparison: 2.77% vs 6.5%
403 Twining, Brighton, CO 80601 · 5bd/4ba · $717,500
List Price
$717,500
Assumable Rate
2.77%
Remaining Balance
$428,074
Equity Gap
$289,425
Loan Type
FHAAdjust Your Scenario
$35,875
$35,875$289,425
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (FHA)
Blended Rate: 4.90%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,308/moAssumable @ 2.77% + gap loan
$3,702/moAssumed loan: $1,752/mo
Gap financing: $1,950/mo
$607less per month with the assumable
Your Savings on This Property
403 Twining, Brighton · 2.77% FHA vs 6.5% conventional
$607
per month
$7,280
per year
$218,391
over 30 years
$218,390
interest saved
How gap financing works: The equity gap ($289,425) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,875, 5% of purchase price) and a second mortgage for the rest ($253,550 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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