Loan Comparison: 5.5% vs 6.5%
7272 Quincy, Littleton, CO 80123 · 4bd/4ba · $4,500,000
List Price
$4,500,000
Assumable Rate
5.5%
Remaining Balance
$226,253
Equity Gap
$4,273,747
Loan Type
FHAAdjust Your Scenario
$225,000
$225,000$4,273,747
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.5% (FHA)
Blended Rate: 8.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$27,021/moAssumable @ 5.5% + gap loan
$32,416/moAssumed loan: $1,285/mo
Gap financing: $31,131/mo
Your Savings on This Property
7272 Quincy, Littleton · 5.5% 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 ($4,273,747) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($225,000, 5% of purchase price) and a second mortgage for the rest ($4,048,747 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.
🏠
Back to This Listing
View photos, details, and request a showing for 7272 Quincy.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.