Loan Comparison: 4.5% vs 6.5%
8554 Field, Littleton, CO 80128 · 3bd/2ba · $425,000
List Price
$425,000
Assumable Rate
4.5%
Remaining Balance
$70,126
Equity Gap
$354,165
Loan Type
FHAAdjust Your Scenario
$21,250
$21,250$354,165
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.5% (FHA)
Blended Rate: 7.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 4.5% + gap loan
$2,915/moAssumed loan: $355/mo
Gap financing: $2,560/mo
Your Savings on This Property
8554 Field, Littleton · 4.5% 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 ($354,165) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($332,915 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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