Loan Comparison: 3.61% vs 6.5%
1272 130th Avenue, Thornton, CO 80241 · 2bd/3ba · $425,000
List Price
$425,000
Assumable Rate
3.61%
Remaining Balance
$224,011
Equity Gap
$200,988
Loan Type
VAAdjust Your Scenario
$21,250
$21,250$200,988
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.61% (VA)
Blended Rate: 5.34%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 3.61% + gap loan
$2,276/moAssumed loan: $1,020/mo
Gap financing: $1,257/mo
$276less per month with the assumable
Your Savings on This Property
1272 130th Avenue, Thornton · 3.61% VA vs 6.5% conventional
$276
per month
$3,306
per year
$99,182
over 30 years
$99,181
interest saved
How gap financing works: The equity gap ($200,988) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($179,738 at 7.5%). 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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