Loan Comparison: 4% vs 6.5%
778 Briarwood, Littleton, CO 80120 · 4bd/3ba · $600,000
List Price
$600,000
Assumable Rate
4%
Remaining Balance
$143,852
Equity Gap
$531,148
Loan Type
FHAAdjust Your Scenario
$30,000
$30,000$531,148
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4% (FHA)
Blended Rate: 7.50%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,603/moAssumable @ 4% + gap loan
$4,540/moAssumed loan: $687/mo
Gap financing: $3,853/mo
Your Savings on This Property
778 Briarwood, Littleton · 4% 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 ($531,148) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($30,000, 5% of purchase price) and a second mortgage for the rest ($501,148 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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