Loan Comparison: 4.98% vs 6.5%
9234 Hinsdale, Littleton, CO 80128 · 5bd/4ba · $734,000
List Price
$734,000
Assumable Rate
4.98%
Remaining Balance
$547,196
Equity Gap
$186,803
Loan Type
FHAAdjust Your Scenario
$36,700
$36,700$186,803
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.98% (FHA)
Blended Rate: 5.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,407/moAssumable @ 4.98% + gap loan
$4,085/moAssumed loan: $2,931/mo
Gap financing: $1,154/mo
$322less per month with the assumable
Your Savings on This Property
9234 Hinsdale, Littleton · 4.98% FHA vs 6.5% conventional
$322
per month
$3,870
per year
$116,088
over 30 years
$116,087
interest saved
How gap financing works: The equity gap ($186,803) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,700, 5% of purchase price) and a second mortgage for the rest ($150,103 at 8.5%). 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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