Loan Comparison: 4.55% vs 6.5%
8779 Kipling, Littleton, CO 80127 · 2bd/2ba · $405,000
List Price
$405,000
Assumable Rate
4.55%
Remaining Balance
$217,180
Equity Gap
$187,819
Loan Type
FHAAdjust Your Scenario
$20,250
$20,250$187,819
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.55% (FHA)
Blended Rate: 6.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,432/moAssumable @ 4.55% + gap loan
$2,395/moAssumed loan: $1,107/mo
Gap financing: $1,288/mo
$37less per month with the assumable
Your Savings on This Property
8779 Kipling, Littleton · 4.55% FHA vs 6.5% conventional
$37
per month
$438
per year
$13,155
over 30 years
$13,154
interest saved
How gap financing works: The equity gap ($187,819) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($20,250, 5% of purchase price) and a second mortgage for the rest ($167,569 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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