Loan Comparison: 3.14% vs 6.5%
12990 Grant Circle, Thornton, CO 80241 · 2bd/1ba · $399,950
List Price
$399,950
Assumable Rate
3.14%
Remaining Balance
$319,182
Equity Gap
$80,768
Loan Type
VAAdjust Your Scenario
$19,998
$19,998$80,768
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.14% (VA)
Blended Rate: 3.84%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,402/moAssumable @ 3.14% + gap loan
$1,795/moAssumed loan: $1,370/mo
Gap financing: $425/mo
$607less per month with the assumable
Your Savings on This Property
12990 Grant Circle, Thornton · 3.14% VA vs 6.5% conventional
$607
per month
$7,281
per year
$218,427
over 30 years
$218,427
interest saved
How gap financing works: The equity gap ($80,768) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($19,998, 5% of purchase price) and a second mortgage for the rest ($60,770 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.
🏠
Back to This Listing
View photos, details, and request a showing for 12990 Grant Circle.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.