Loan Comparison: 3.25% vs 6.5%
6755 Field, Littleton, CO 80128 · 2bd/1ba · $300,000
List Price
$300,000
Assumable Rate
3.25%
Remaining Balance
$208,624
Equity Gap
$91,376
Loan Type
FHAAdjust Your Scenario
$15,000
$15,000$91,376
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.25% (FHA)
Blended Rate: 4.66%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,801/moAssumable @ 3.25% + gap loan
$1,495/moAssumed loan: $908/mo
Gap financing: $587/mo
$306less per month with the assumable
Your Savings on This Property
6755 Field, Littleton · 3.25% FHA vs 6.5% conventional
$306
per month
$3,674
per year
$110,226
over 30 years
$110,226
interest saved
How gap financing works: The equity gap ($91,376) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,000, 5% of purchase price) and a second mortgage for the rest ($76,376 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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