Loan Comparison: 6.29% vs 6.5%
5181 Pennsylvania Street, Littleton, CO 80121 · 3bd/3ba · $574,899
List Price
$574,899
Assumable Rate
6.29%
Remaining Balance
$537,013
Equity Gap
$37,885
Loan Type
FHAAdjust Your Scenario
$28,745
$28,745$37,885
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.29% (FHA)
Blended Rate: 6.31%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,452/moAssumable @ 6.29% + gap loan
$3,384/moAssumed loan: $3,320/mo
Gap financing: $64/mo
$68less per month with the assumable
Your Savings on This Property
5181 Pennsylvania Street, Littleton · 6.29% FHA vs 6.5% conventional
$68
per month
$812
per year
$24,369
over 30 years
$24,368
interest saved
How gap financing works: The equity gap ($37,885) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,745, 5% of purchase price) and a second mortgage for the rest ($9,140 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 5181 Pennsylvania Street.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.