Loan Comparison: 4.35% vs 6.5%
8745 Berry Avenue, Littleton, CO 80123 · 2bd/2ba · $275,000
List Price
$275,000
Assumable Rate
4.35%
Remaining Balance
$55,619
Equity Gap
$219,381
Loan Type
FHAAdjust Your Scenario
$13,750
$13,750$219,381
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.35% (FHA)
Blended Rate: 6.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,651/moAssumable @ 4.35% + gap loan
$1,715/moAssumed loan: $277/mo
Gap financing: $1,438/mo
Your Savings on This Property
8745 Berry Avenue, Littleton · 4.35% 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 ($219,381) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($13,750, 5% of purchase price) and a second mortgage for the rest ($205,631 at 7.5%). 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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