Loan Comparison: 5.38% vs 6.5%
8497 Hoyt, Littleton, CO 80128 · 2bd/2ba · $380,000
List Price
$380,000
Assumable Rate
5.38%
Remaining Balance
$65,683
Equity Gap
$316,083
Loan Type
FHAAdjust Your Scenario
$19,000
$19,000$316,083
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.38% (FHA)
Blended Rate: 7.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,282/moAssumable @ 5.38% + gap loan
$2,652/moAssumed loan: $368/mo
Gap financing: $2,284/mo
Your Savings on This Property
8497 Hoyt, Littleton · 5.38% 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 ($316,083) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,000, 5% of purchase price) and a second mortgage for the rest ($297,083 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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