Loan Comparison: 2.96% vs 6.5%
5101 Washington, Littleton, CO 80121 · 2bd/2ba · $464,900
List Price
$464,900
Assumable Rate
2.96%
Remaining Balance
$372,402
Equity Gap
$92,498
Loan Type
FHAAdjust Your Scenario
$23,245
$23,245$92,498
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (FHA)
Blended Rate: 3.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 2.96% + gap loan
$2,095/moAssumed loan: $1,562/mo
Gap financing: $532/mo
$697less per month with the assumable
Your Savings on This Property
5101 Washington, Littleton · 2.96% FHA vs 6.5% conventional
$697
per month
$8,364
per year
$250,929
over 30 years
$250,929
interest saved
How gap financing works: The equity gap ($92,498) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,245, 5% of purchase price) and a second mortgage for the rest ($69,253 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.
🏠
Back to This Listing
View photos, details, and request a showing for 5101 Washington.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.