Loan Comparison: 5.5% vs 6.5%
9700 Chatfield, Littleton, CO 80128 · 2bd/3ba · $330,000
List Price
$330,000
Assumable Rate
5.5%
Remaining Balance
$61,864
Equity Gap
$268,136
Loan Type
FHAAdjust Your Scenario
$16,500
$16,500$268,136
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.5% (FHA)
Blended Rate: 7.91%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,982/moAssumable @ 5.5% + gap loan
$2,286/moAssumed loan: $351/mo
Gap financing: $1,935/mo
Your Savings on This Property
9700 Chatfield, 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 ($268,136) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,500, 5% of purchase price) and a second mortgage for the rest ($251,636 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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