Loan Comparison: 2.89% vs 6.5%
10279 Fair, Littleton, CO 80127 · 4bd/3ba · $435,000
List Price
$435,000
Assumable Rate
2.89%
Remaining Balance
$381,944
Equity Gap
$125,679
Loan Type
FHAAdjust Your Scenario
$21,750
$21,750$125,679
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (FHA)
Blended Rate: 4.09%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,612/moAssumable @ 2.89% + gap loan
$2,387/moAssumed loan: $1,588/mo
Gap financing: $799/mo
$225less per month with the assumable
Your Savings on This Property
10279 Fair, Littleton · 2.89% FHA vs 6.5% conventional
$225
per month
$2,702
per year
$81,063
over 30 years
$153,686
interest saved
How gap financing works: The equity gap ($125,679) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,750, 5% of purchase price) and a second mortgage for the rest ($103,929 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 10279 Fair.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.