Loan Comparison: 5.22% vs 6.5%
9850 Stanford, Littleton, CO 80123 · 2bd/2ba · $355,000
List Price
$355,000
Assumable Rate
5.22%
Remaining Balance
$331,521
Equity Gap
$23,955
Loan Type
FHAAdjust Your Scenario
$17,750
$17,750$23,955
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.22% (FHA)
Blended Rate: 5.28%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,132/moAssumable @ 5.22% + gap loan
$1,872/moAssumed loan: $1,825/mo
Gap financing: $48/mo
$259less per month with the assumable
Your Savings on This Property
9850 Stanford, Littleton · 5.22% FHA vs 6.5% conventional
$259
per month
$3,113
per year
$93,392
over 30 years
$93,868
interest saved
How gap financing works: The equity gap ($23,955) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,750, 5% of purchase price) and a second mortgage for the rest ($6,205 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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