Loan Comparison: 2.83% vs 6.5%
8400 Upham, Littleton, CO 80128 · 2bd/1ba · $295,000
List Price
$295,000
Assumable Rate
2.83%
Remaining Balance
$221,408
Equity Gap
$73,592
Loan Type
FHAAdjust Your Scenario
$14,750
$14,750$73,592
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.83% (FHA)
Blended Rate: 4.02%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,771/moAssumable @ 2.83% + gap loan
$1,366/moAssumed loan: $913/mo
Gap financing: $452/mo
$406less per month with the assumable
Your Savings on This Property
8400 Upham, Littleton · 2.83% FHA vs 6.5% conventional
$406
per month
$4,868
per year
$146,030
over 30 years
$146,030
interest saved
How gap financing works: The equity gap ($73,592) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($14,750, 5% of purchase price) and a second mortgage for the rest ($58,842 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 8400 Upham.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.