Loan Comparison: 3.07% vs 6.5%
6712 Holland Way, Littleton, CO 80128 · 4bd/2ba · $364,999
List Price
$364,999
Assumable Rate
3.07%
Remaining Balance
$329,447
Equity Gap
$35,552
Loan Type
FHAAdjust Your Scenario
$18,250
$18,250$35,552
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (FHA)
Blended Rate: 3.29%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 3.07% + gap loan
$1,522/moAssumed loan: $1,401/mo
Gap financing: $121/mo
$669less per month with the assumable
Your Savings on This Property
6712 Holland Way, Littleton · 3.07% FHA vs 6.5% conventional
$669
per month
$8,031
per year
$240,941
over 30 years
$240,941
interest saved
How gap financing works: The equity gap ($35,552) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($17,302 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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