Loan Comparison: 6.5% vs 6.5%
9719 Browns Peak Circle, Littleton, CO 80125 ยท 2bd/1ba ยท $514,990
List Price
$514,990
Assumable Rate
6.5%
Remaining Balance
$488,942
Equity Gap
$26,047
Loan Type
FHAAdjust Your Scenario
$25,750
$25,750$26,047
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (FHA)
Blended Rate: 6.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,092/moAssumable @ 6.5% + gap loan
$3,093/moAssumed loan: $3,090/mo
Gap financing: $2/mo
Your Savings on This Property
9719 Browns Peak Circle, Littleton ยท 6.5% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($26,047) 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 ($297 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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