Loan Comparison: 3.86% vs 6.5%
12430 Tamarac, Brighton, CO 80602 · 6bd/4ba · $849,000
List Price
$849,000
Assumable Rate
3.86%
Remaining Balance
$306,056
Equity Gap
$542,944
Loan Type
FHAAdjust Your Scenario
$42,450
$42,450$542,944
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.86% (FHA)
Blended Rate: 6.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,098/moAssumable @ 3.86% + gap loan
$5,285/moAssumed loan: $1,437/mo
Gap financing: $3,848/mo
Your Savings on This Property
12430 Tamarac, Brighton · 3.86% 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 ($542,944) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,450, 5% of purchase price) and a second mortgage for the rest ($500,494 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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