Loan Comparison: 4.74% vs 6.5%
4899 Dudley, Littleton, CO 80123 · 2bd/1ba · $250,000
List Price
$250,000
Assumable Rate
4.74%
Remaining Balance
$61,213
Equity Gap
$188,787
Loan Type
FHAAdjust Your Scenario
$12,500
$12,500$188,787
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.74% (FHA)
Blended Rate: 7.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,501/moAssumable @ 4.74% + gap loan
$1,674/moAssumed loan: $319/mo
Gap financing: $1,355/mo
Your Savings on This Property
4899 Dudley, Littleton · 4.74% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($188,787) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,500, 5% of purchase price) and a second mortgage for the rest ($176,287 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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