Loan Comparison: 4.59% vs 6.5%
7429 Alkire, Littleton, CO 80127 · 2bd/2ba · $335,000
List Price
$335,000
Assumable Rate
4.59%
Remaining Balance
$254,589
Equity Gap
$120,389
Loan Type
FHAAdjust Your Scenario
$16,750
$16,750$120,389
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.59% (FHA)
Blended Rate: 5.72%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,012/moAssumable @ 4.59% + gap loan
$2,101/moAssumed loan: $1,304/mo
Gap financing: $797/mo
Your Savings on This Property
7429 Alkire, Littleton · 4.59% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$7,955
interest saved
How gap financing works: The equity gap ($120,389) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($16,750, 5% of purchase price) and a second mortgage for the rest ($103,639 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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