Loan Comparison: 5.23% vs 6.5%
8304 Stonybridge, Littleton, CO 80126 · 2bd/3ba · $445,000
List Price
$445,000
Assumable Rate
5.23%
Remaining Balance
$370,204
Equity Gap
$99,617
Loan Type
FHAAdjust Your Scenario
$22,250
$22,250$99,617
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.23% (FHA)
Blended Rate: 5.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,672/moAssumable @ 5.23% + gap loan
$2,635/moAssumed loan: $2,040/mo
Gap financing: $595/mo
$37less per month with the assumable
Your Savings on This Property
8304 Stonybridge, Littleton · 5.23% FHA vs 6.5% conventional
$37
per month
$450
per year
$13,495
over 30 years
$38,316
interest saved
How gap financing works: The equity gap ($99,617) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,250, 5% of purchase price) and a second mortgage for the rest ($77,367 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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