Loan Comparison: 2.89% vs 6.5%
8376 Upham, Littleton, CO 80128 · 2bd/2ba · $300,000
List Price
$300,000
Assumable Rate
2.89%
Remaining Balance
$228,468
Equity Gap
$70,999
Loan Type
FHAAdjust Your Scenario
$15,000
$15,000$70,999
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (FHA)
Blended Rate: 3.99%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,801/moAssumable @ 2.89% + gap loan
$1,380/moAssumed loan: $950/mo
Gap financing: $431/mo
$421less per month with the assumable
Your Savings on This Property
8376 Upham, Littleton · 2.89% FHA vs 6.5% conventional
$421
per month
$5,053
per year
$151,589
over 30 years
$151,056
interest saved
How gap financing works: The equity gap ($70,999) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,000, 5% of purchase price) and a second mortgage for the rest ($55,999 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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