Loan Comparison: 5.25% vs 6.5%
4867 Johnson, Littleton, CO 80123 · 6bd/3ba · $699,000
List Price
$699,000
Assumable Rate
5.25%
Remaining Balance
$496,251
Equity Gap
$202,008
Loan Type
FHAAdjust Your Scenario
$34,950
$34,950$202,008
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.25% (FHA)
Blended Rate: 6.07%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,197/moAssumable @ 5.25% + gap loan
$4,025/moAssumed loan: $2,740/mo
Gap financing: $1,285/mo
$172less per month with the assumable
Your Savings on This Property
4867 Johnson, Littleton · 5.25% FHA vs 6.5% conventional
$172
per month
$2,069
per year
$62,064
over 30 years
$61,323
interest saved
How gap financing works: The equity gap ($202,008) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,950, 5% of purchase price) and a second mortgage for the rest ($167,058 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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