Loan Comparison: 3.06% vs 6.5%
5363 Tall Spruce, Brighton, CO 80601 · 5bd/3ba · $565,000
List Price
$565,000
Assumable Rate
3.06%
Remaining Balance
$437,135
Equity Gap
$127,864
Loan Type
FHAAdjust Your Scenario
$28,250
$28,250$127,864
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.06% (FHA)
Blended Rate: 4.07%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 3.06% + gap loan
$2,623/moAssumed loan: $1,857/mo
Gap financing: $766/mo
$770less per month with the assumable
Your Savings on This Property
5363 Tall Spruce, Brighton · 3.06% FHA vs 6.5% conventional
$770
per month
$9,234
per year
$277,029
over 30 years
$277,028
interest saved
How gap financing works: The equity gap ($127,864) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,250, 5% of purchase price) and a second mortgage for the rest ($99,614 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.
🏠
Back to This Listing
View photos, details, and request a showing for 5363 Tall Spruce.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.