Loan Comparison: 6.35% vs 6.5%
7725 Glasgow Place, Littleton, CO 80128 · 1bd/1ba · $385,000
List Price
$385,000
Assumable Rate
6.35%
Remaining Balance
$336,856
Equity Gap
$48,143
Loan Type
FHAAdjust Your Scenario
$19,250
$19,250$48,143
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.35% (FHA)
Blended Rate: 6.44%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,312/moAssumable @ 6.35% + gap loan
$2,298/moAssumed loan: $2,096/mo
Gap financing: $202/mo
$14less per month with the assumable
Your Savings on This Property
7725 Glasgow Place, Littleton · 6.35% FHA vs 6.5% conventional
$14
per month
$165
per year
$4,942
over 30 years
$4,941
interest saved
How gap financing works: The equity gap ($48,143) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,250, 5% of purchase price) and a second mortgage for the rest ($28,893 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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