Loan Comparison: 3.16% vs 6.5%
5996 Jellison Street, Littleton, CO 80123 · 3bd/2ba · $511,500
List Price
$511,500
Assumable Rate
3.16%
Remaining Balance
$168,163
Equity Gap
$343,336
Loan Type
FHAAdjust Your Scenario
$25,575
$25,575$343,336
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.16% (FHA)
Blended Rate: 6.00%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,071/moAssumable @ 3.16% + gap loan
$2,945/moAssumed loan: $724/mo
Gap financing: $2,222/mo
$126less per month with the assumable
Your Savings on This Property
5996 Jellison Street, Littleton · 3.16% FHA vs 6.5% conventional
$126
per month
$1,512
per year
$45,349
over 30 years
$45,348
interest saved
How gap financing works: The equity gap ($343,336) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,575, 5% of purchase price) and a second mortgage for the rest ($317,761 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 5996 Jellison Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.