Loan Comparison: 3.69% vs 6.5%
7463 Quail, Littleton, CO 80127 · 2bd/1ba · $376,500
List Price
$376,500
Assumable Rate
3.69%
Remaining Balance
$231,123
Equity Gap
$143,861
Loan Type
FHAAdjust Your Scenario
$18,825
$18,825$143,861
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (FHA)
Blended Rate: 5.38%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,261/moAssumable @ 3.69% + gap loan
$2,024/moAssumed loan: $1,063/mo
Gap financing: $961/mo
$237less per month with the assumable
Your Savings on This Property
7463 Quail, Littleton · 3.69% FHA vs 6.5% conventional
$237
per month
$2,842
per year
$85,254
over 30 years
$83,738
interest saved
How gap financing works: The equity gap ($143,861) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,825, 5% of purchase price) and a second mortgage for the rest ($125,036 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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