Loan Comparison: 5.25% vs 6.5%
11253 Moondance, Littleton, CO 80125 · 3bd/4ba · $869,000
List Price
$869,000
Assumable Rate
5.25%
Remaining Balance
$694,154
Equity Gap
$174,048
Loan Type
FHAAdjust Your Scenario
$43,450
$43,450$174,048
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.25% (FHA)
Blended Rate: 5.76%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,218/moAssumable @ 5.25% + gap loan
$4,837/moAssumed loan: $3,833/mo
Gap financing: $1,004/mo
$381less per month with the assumable
Your Savings on This Property
11253 Moondance, Littleton · 5.25% FHA vs 6.5% conventional
$381
per month
$4,568
per year
$137,055
over 30 years
$136,257
interest saved
How gap financing works: The equity gap ($174,048) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($43,450, 5% of purchase price) and a second mortgage for the rest ($130,598 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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