Loan Comparison: 3.3% vs 6.5%
8115 Eagleview Drive, Littleton, CO 80125 ยท 4bd/4ba ยท $630,000
List Price
$630,000
Assumable Rate
3.3%
Remaining Balance
$95,942
Equity Gap
$534,058
Loan Type
FHAAdjust Your Scenario
$31,500
$31,500$534,058
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.3% (FHA)
Blended Rate: 6.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,783/moAssumable @ 3.3% + gap loan
$3,934/moAssumed loan: $420/mo
Gap financing: $3,514/mo
Your Savings on This Property
8115 Eagleview Drive, Littleton ยท 3.3% 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 ($534,058) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($31,500, 5% of purchase price) and a second mortgage for the rest ($502,558 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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