Loan Comparison: 5.27% vs 6.5%
317 Hunter, Brighton, CO 80603 · 3bd/2ba · $434,900
List Price
$434,900
Assumable Rate
5.27%
Remaining Balance
$365,963
Equity Gap
$68,937
Loan Type
FHAAdjust Your Scenario
$21,745
$21,745$68,937
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.27% (FHA)
Blended Rate: 5.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,611/moAssumable @ 5.27% + gap loan
$2,388/moAssumed loan: $2,025/mo
Gap financing: $363/mo
$223less per month with the assumable
Your Savings on This Property
317 Hunter, Brighton · 5.27% FHA vs 6.5% conventional
$223
per month
$2,678
per year
$80,337
over 30 years
$80,337
interest saved
How gap financing works: The equity gap ($68,937) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,745, 5% of purchase price) and a second mortgage for the rest ($47,192 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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