Loan Comparison: 4% vs 6.5%
778 Briarwood Avenue, Littleton, CO 80120 · 3bd/2ba · $585,000
List Price
$585,000
Assumable Rate
4%
Remaining Balance
$67,535
Equity Gap
$517,464
Loan Type
FHAAdjust Your Scenario
$29,250
$29,250$517,464
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4% (FHA)
Blended Rate: 7.07%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,513/moAssumable @ 4% + gap loan
$3,736/moAssumed loan: $322/mo
Gap financing: $3,414/mo
Your Savings on This Property
778 Briarwood Avenue, Littleton · 4% 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 ($517,464) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,250, 5% of purchase price) and a second mortgage for the rest ($488,214 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.
🏠
Back to This Listing
View photos, details, and request a showing for 778 Briarwood Avenue.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.