Loan Comparison: 6.72% vs 6.5%
8581 Eckley Street, Littleton, CO 80125 · 4bd/4ba · $799,900
List Price
$799,900
Assumable Rate
6.72%
Remaining Balance
$743,783
Equity Gap
$56,117
Loan Type
FHAAdjust Your Scenario
$39,995
$39,995$56,117
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.72% (FHA)
Blended Rate: 6.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,803/moAssumable @ 6.72% + gap loan
$4,922/moAssumed loan: $4,809/mo
Gap financing: $113/mo
Your Savings on This Property
8581 Eckley Street, Littleton · 6.72% 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 ($56,117) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,995, 5% of purchase price) and a second mortgage for the rest ($16,122 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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