Loan Comparison: 3.08% vs 6.5%
805 Pintail, Brighton, CO 80601 · 3bd/2ba · $420,000
List Price
$420,000
Assumable Rate
3.08%
Remaining Balance
$186,909
Equity Gap
$130,100
Loan Type
FHAAdjust Your Scenario
$21,000
$21,000$130,100
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (FHA)
Blended Rate: 5.08%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,522/moAssumable @ 3.08% + gap loan
$1,635/moAssumed loan: $796/mo
Gap financing: $839/mo
$887less per month with the assumable
Your Savings on This Property
805 Pintail, Brighton · 3.08% FHA vs 6.5% conventional
$887
per month
$10,644
per year
$319,307
over 30 years
$216,316
interest saved
How gap financing works: The equity gap ($130,100) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,000, 5% of purchase price) and a second mortgage for the rest ($109,100 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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