Loan Comparison: 3.71% vs 6.5%
7831 Kittredge Circle, Englewood, CO 80015 · 6bd/5ba · $359,900
List Price
$359,900
Assumable Rate
3.71%
Remaining Balance
$77,918
Equity Gap
$281,981
Loan Type
FHAAdjust Your Scenario
$17,995
$17,995$281,981
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.71% (FHA)
Blended Rate: 6.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,161/moAssumable @ 3.71% + gap loan
$2,205/moAssumed loan: $359/mo
Gap financing: $1,846/mo
Your Savings on This Property
7831 Kittredge Circle, Englewood · 3.71% 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 ($281,981) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,995, 5% of purchase price) and a second mortgage for the rest ($263,986 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 7831 Kittredge Circle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.