Loan Comparison: 3.07% vs 6.5%
7921 Cedar, Littleton, CO 80120 · 4bd/3ba · $740,000
List Price
$740,000
Assumable Rate
3.07%
Remaining Balance
$549,186
Equity Gap
$254,276
Loan Type
FHAAdjust Your Scenario
$37,000
$37,000$254,276
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.07% (FHA)
Blended Rate: 4.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,443/moAssumable @ 3.07% + gap loan
$4,007/moAssumed loan: $2,336/mo
Gap financing: $1,671/mo
$437less per month with the assumable
Your Savings on This Property
7921 Cedar, Littleton · 3.07% FHA vs 6.5% conventional
$437
per month
$5,239
per year
$157,176
over 30 years
$220,638
interest saved
How gap financing works: The equity gap ($254,276) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,000, 5% of purchase price) and a second mortgage for the rest ($217,276 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 7921 Cedar.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.