Loan Comparison: 3.08% vs 6.5%
5102 Fremont, Littleton, CO 80128 · 4bd/3ba · $785,000
List Price
$785,000
Assumable Rate
3.08%
Remaining Balance
$550,401
Equity Gap
$310,855
Loan Type
FHAAdjust Your Scenario
$39,250
$39,250$310,855
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.08% (FHA)
Blended Rate: 4.87%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,714/moAssumable @ 3.08% + gap loan
$4,433/moAssumed loan: $2,344/mo
Gap financing: $2,088/mo
$281less per month with the assumable
Your Savings on This Property
5102 Fremont, Littleton · 3.08% FHA vs 6.5% conventional
$281
per month
$3,371
per year
$101,128
over 30 years
$177,384
interest saved
How gap financing works: The equity gap ($310,855) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($39,250, 5% of purchase price) and a second mortgage for the rest ($271,605 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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