Loan Comparison: 6% vs 6.5%
436 48th, Brighton, CO 80601 · 3bd/3ba · $574,900
List Price
$574,900
Assumable Rate
6%
Remaining Balance
$214,371
Equity Gap
$440,270
Loan Type
FHAAdjust Your Scenario
$28,745
$28,745$440,270
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6% (FHA)
Blended Rate: 7.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,452/moAssumable @ 6% + gap loan
$4,450/moAssumed loan: $1,285/mo
Gap financing: $3,164/mo
Your Savings on This Property
436 48th, Brighton · 6% 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 ($440,270) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,745, 5% of purchase price) and a second mortgage for the rest ($411,525 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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