Loan Comparison: 3.23% vs 6.5%
4200 Fremont, Littleton, CO 80122 · 4bd/2ba · $525,000
List Price
$525,000
Assumable Rate
3.23%
Remaining Balance
$356,645
Equity Gap
$182,072
Loan Type
FHAAdjust Your Scenario
$26,250
$26,250$182,072
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.23% (FHA)
Blended Rate: 4.83%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 3.23% + gap loan
$2,746/moAssumed loan: $1,548/mo
Gap financing: $1,198/mo
$406less per month with the assumable
Your Savings on This Property
4200 Fremont, Littleton · 3.23% FHA vs 6.5% conventional
$406
per month
$4,873
per year
$146,186
over 30 years
$159,903
interest saved
How gap financing works: The equity gap ($182,072) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($155,822 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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