Loan Comparison: 3.6% vs 6.5%
9142 Hialeah Place, Littleton, CO 80123 · 2bd/3ba · $750,000
List Price
$750,000
Assumable Rate
3.6%
Remaining Balance
$416,858
Equity Gap
$333,141
Loan Type
FHAAdjust Your Scenario
$37,500
$37,500$333,141
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.6% (FHA)
Blended Rate: 5.22%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 3.6% + gap loan
$3,962/moAssumed loan: $1,895/mo
Gap financing: $2,067/mo
$541less per month with the assumable
Your Savings on This Property
9142 Hialeah Place, Littleton · 3.6% FHA vs 6.5% conventional
$541
per month
$6,493
per year
$194,794
over 30 years
$194,793
interest saved
How gap financing works: The equity gap ($333,141) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,500, 5% of purchase price) and a second mortgage for the rest ($295,641 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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