Loan Comparison: 3.77% vs 6.5%
4760 Wadsworth, Littleton, CO 80123 · 1bd/1ba · $255,000
List Price
$255,000
Assumable Rate
3.77%
Remaining Balance
$189,232
Equity Gap
$64,926
Loan Type
FHAAdjust Your Scenario
$12,750
$12,750$64,926
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.77% (FHA)
Blended Rate: 4.79%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,531/moAssumable @ 3.77% + gap loan
$1,280/moAssumed loan: $879/mo
Gap financing: $401/mo
$251less per month with the assumable
Your Savings on This Property
4760 Wadsworth, Littleton · 3.77% FHA vs 6.5% conventional
$251
per month
$3,018
per year
$90,534
over 30 years
$89,692
interest saved
How gap financing works: The equity gap ($64,926) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($12,750, 5% of purchase price) and a second mortgage for the rest ($52,176 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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