Loan Comparison: 3.23% vs 6.5%
4200 Fremont Avenue, Littleton, CO 80122 · 4bd/3ba · $515,000
List Price
$515,000
Assumable Rate
3.23%
Remaining Balance
$341,361
Equity Gap
$173,638
Loan Type
FHAAdjust Your Scenario
$25,750
$25,750$173,638
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (FHA)
Blended Rate: 4.52%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 3.23% + gap loan
$2,516/moAssumed loan: $1,482/mo
Gap financing: $1,034/mo
$576less per month with the assumable
Your Savings on This Property
4200 Fremont Avenue, Littleton · 3.23% FHA vs 6.5% conventional
$576
per month
$6,917
per year
$207,525
over 30 years
$207,524
interest saved
How gap financing works: The equity gap ($173,638) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,750, 5% of purchase price) and a second mortgage for the rest ($147,888 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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