Loan Comparison: 4.2% vs 6.5%
9583 Marmot Ridge Circle, Littleton, CO 80125 · 3bd/3ba · $489,973
List Price
$489,973
Assumable Rate
4.2%
Remaining Balance
$300,888
Equity Gap
$189,085
Loan Type
FHAAdjust Your Scenario
$24,499
$24,499$189,085
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.2% (FHA)
Blended Rate: 5.37%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,942/moAssumable @ 4.2% + gap loan
$2,622/moAssumed loan: $1,471/mo
Gap financing: $1,151/mo
$320less per month with the assumable
Your Savings on This Property
9583 Marmot Ridge Circle, Littleton · 4.2% FHA vs 6.5% conventional
$320
per month
$3,839
per year
$115,168
over 30 years
$115,168
interest saved
How gap financing works: The equity gap ($189,085) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($24,499, 5% of purchase price) and a second mortgage for the rest ($164,586 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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