Loan Comparison: 5.5% vs 6.5%
7272 Quincy Avenue, Littleton, CO 80123 · 3bd/2ba · $4,500,000
List Price
$4,500,000
Assumable Rate
5.5%
Remaining Balance
$220,151
Equity Gap
$4,279,848
Loan Type
FHAAdjust Your Scenario
$225,000
$225,000$4,279,848
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.5% (FHA)
Blended Rate: 7.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$27,021/moAssumable @ 5.5% + gap loan
$29,602/moAssumed loan: $1,250/mo
Gap financing: $28,352/mo
Your Savings on This Property
7272 Quincy Avenue, Littleton · 5.5% 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 ($4,279,848) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($225,000, 5% of purchase price) and a second mortgage for the rest ($4,054,848 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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