Loan Comparison: 4.07% vs 6.5%
10603 Dumbarton Circle, Littleton, CO 80127 · 3bd/2ba · $510,000
List Price
$510,000
Assumable Rate
4.07%
Remaining Balance
$152,087
Equity Gap
$357,912
Loan Type
FHAAdjust Your Scenario
$25,500
$25,500$357,912
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.07% (FHA)
Blended Rate: 6.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,062/moAssumable @ 4.07% + gap loan
$3,057/moAssumed loan: $732/mo
Gap financing: $2,324/mo
$6less per month with the assumable
Your Savings on This Property
10603 Dumbarton Circle, Littleton · 4.07% FHA vs 6.5% conventional
$6
per month
$70
per year
$2,109
over 30 years
$2,108
interest saved
How gap financing works: The equity gap ($357,912) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,500, 5% of purchase price) and a second mortgage for the rest ($332,412 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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