Loan Comparison: 3.07% vs 6.5%
10026 Westside Circle, Littleton, CO 80125 · 4bd/3ba · $685,000
List Price
$685,000
Assumable Rate
3.07%
Remaining Balance
$415,305
Equity Gap
$269,695
Loan Type
FHAAdjust Your Scenario
$34,250
$34,250$269,695
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (FHA)
Blended Rate: 4.67%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,113/moAssumable @ 3.07% + gap loan
$3,413/moAssumed loan: $1,767/mo
Gap financing: $1,646/mo
$700less per month with the assumable
Your Savings on This Property
10026 Westside Circle, Littleton · 3.07% FHA vs 6.5% conventional
$700
per month
$8,403
per year
$252,092
over 30 years
$252,092
interest saved
How gap financing works: The equity gap ($269,695) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,250, 5% of purchase price) and a second mortgage for the rest ($235,445 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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