Loan Comparison: 4.17% vs 6.5%
6738 Independence, Littleton, CO 80128 · 3bd/2ba · $395,000
List Price
$395,000
Assumable Rate
4.17%
Remaining Balance
$372,076
Equity Gap
$22,267
Loan Type
FHAAdjust Your Scenario
$19,750
$19,750$22,267
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.17% (FHA)
Blended Rate: 4.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,372/moAssumable @ 4.17% + gap loan
$1,832/moAssumed loan: $1,813/mo
Gap financing: $19/mo
$539less per month with the assumable
Your Savings on This Property
6738 Independence, Littleton · 4.17% FHA vs 6.5% conventional
$539
per month
$6,474
per year
$194,211
over 30 years
$193,554
interest saved
How gap financing works: The equity gap ($22,267) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,750, 5% of purchase price) and a second mortgage for the rest ($2,517 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 6738 Independence.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.