Loan Comparison: 5.63% vs 6.5%
4760 Wadsworth, Littleton, CO 80123 · 2bd/1ba · $315,000
List Price
$315,000
Assumable Rate
5.63%
Remaining Balance
$56,960
Equity Gap
$257,525
Loan Type
FHAAdjust Your Scenario
$15,750
$15,750$257,525
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.63% (FHA)
Blended Rate: 7.95%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,891/moAssumable @ 5.63% + gap loan
$2,187/moAssumed loan: $328/mo
Gap financing: $1,859/mo
Your Savings on This Property
4760 Wadsworth, Littleton · 5.63% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($257,525) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,750, 5% of purchase price) and a second mortgage for the rest ($241,775 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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