Loan Comparison: 4.1% vs 6.5%
1804 Taos, Brighton, CO 80603 · 3bd/3ba · $439,999
List Price
$439,999
Assumable Rate
4.1%
Remaining Balance
$238,933
Equity Gap
$200,462
Loan Type
FHAAdjust Your Scenario
$22,000
$22,000$200,462
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.1% (FHA)
Blended Rate: 5.98%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,642/moAssumable @ 4.1% + gap loan
$2,527/moAssumed loan: $1,155/mo
Gap financing: $1,372/mo
$115less per month with the assumable
Your Savings on This Property
1804 Taos, Brighton · 4.1% FHA vs 6.5% conventional
$115
per month
$1,384
per year
$41,508
over 30 years
$40,904
interest saved
How gap financing works: The equity gap ($200,462) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,000, 5% of purchase price) and a second mortgage for the rest ($178,462 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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