Loan Comparison: 3.25% vs 6.5%
6755 Field, Littleton, CO 80128 · 2bd/1ba · $295,000
List Price
$295,000
Assumable Rate
3.25%
Remaining Balance
$208,163
Equity Gap
$86,865
Loan Type
FHAAdjust Your Scenario
$14,750
$14,750$86,865
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.25% (FHA)
Blended Rate: 4.60%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,771/moAssumable @ 3.25% + gap loan
$1,460/moAssumed loan: $906/mo
Gap financing: $555/mo
$311less per month with the assumable
Your Savings on This Property
6755 Field, Littleton · 3.25% FHA vs 6.5% conventional
$311
per month
$3,731
per year
$111,935
over 30 years
$111,963
interest saved
How gap financing works: The equity gap ($86,865) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,750, 5% of purchase price) and a second mortgage for the rest ($72,115 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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