Loan Comparison: 4.98% vs 6.5%
9234 Hinsdale Place, Littleton, CO 80128 · 3bd/3ba · $700,000
List Price
$700,000
Assumable Rate
4.98%
Remaining Balance
$542,100
Equity Gap
$157,900
Loan Type
FHAAdjust Your Scenario
$35,000
$35,000$157,900
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (FHA)
Blended Rate: 5.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,203/moAssumable @ 4.98% + gap loan
$3,763/moAssumed loan: $2,903/mo
Gap financing: $859/mo
$440less per month with the assumable
Your Savings on This Property
9234 Hinsdale Place, Littleton · 4.98% FHA vs 6.5% conventional
$440
per month
$5,285
per year
$158,555
over 30 years
$158,555
interest saved
How gap financing works: The equity gap ($157,900) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($35,000, 5% of purchase price) and a second mortgage for the rest ($122,900 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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