Loan Comparison: 3.55% vs 6.5%
4451 Ammons, Littleton, CO 80123 · 3bd/2ba · $370,000
List Price
$370,000
Assumable Rate
3.55%
Remaining Balance
$33,846
Equity Gap
$336,154
Loan Type
FHAAdjust Your Scenario
$18,500
$18,500$336,154
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.55% (FHA)
Blended Rate: 8.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,222/moAssumable @ 3.55% + gap loan
$2,595/moAssumed loan: $153/mo
Gap financing: $2,442/mo
Your Savings on This Property
4451 Ammons, Littleton · 3.55% 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 ($336,154) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,500, 5% of purchase price) and a second mortgage for the rest ($317,654 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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