Loan Comparison: 4.87% vs 6.5%
5033 Owens, Littleton, CO 80127 · 4bd/4ba · $739,000
List Price
$739,000
Assumable Rate
4.87%
Remaining Balance
$178,342
Equity Gap
$560,658
Loan Type
FHAAdjust Your Scenario
$36,950
$36,950$560,658
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.87% (FHA)
Blended Rate: 7.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,437/moAssumable @ 4.87% + gap loan
$4,970/moAssumed loan: $943/mo
Gap financing: $4,027/mo
Your Savings on This Property
5033 Owens, Littleton · 4.87% 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 ($560,658) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,950, 5% of purchase price) and a second mortgage for the rest ($523,708 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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