Loan Comparison: 2.85% vs 6.5%
6521 Cedar, Littleton, CO 80120 · 4bd/2ba · $740,000
List Price
$740,000
Assumable Rate
2.85%
Remaining Balance
$532,191
Equity Gap
$205,403
Loan Type
FHAAdjust Your Scenario
$37,000
$37,000$205,403
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.85% (FHA)
Blended Rate: 4.21%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,443/moAssumable @ 2.85% + gap loan
$3,496/moAssumed loan: $2,201/mo
Gap financing: $1,295/mo
$948less per month with the assumable
Your Savings on This Property
6521 Cedar, Littleton · 2.85% FHA vs 6.5% conventional
$948
per month
$11,372
per year
$341,154
over 30 years
$338,748
interest saved
How gap financing works: The equity gap ($205,403) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,000, 5% of purchase price) and a second mortgage for the rest ($168,403 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 6521 Cedar.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.