Loan Comparison: 2.87% vs 6.5%
4520 128th Place, Thornton, CO 80241 · 3bd/3ba · $520,000
List Price
$520,000
Assumable Rate
2.87%
Remaining Balance
$412,049
Equity Gap
$107,951
Loan Type
FHAAdjust Your Scenario
$26,000
$26,000$107,951
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.87% (FHA)
Blended Rate: 3.64%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,122/moAssumable @ 2.87% + gap loan
$2,281/moAssumed loan: $1,708/mo
Gap financing: $573/mo
$841less per month with the assumable
Your Savings on This Property
4520 128th Place, Thornton · 2.87% FHA vs 6.5% conventional
$841
per month
$10,091
per year
$302,740
over 30 years
$302,740
interest saved
How gap financing works: The equity gap ($107,951) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,000, 5% of purchase price) and a second mortgage for the rest ($81,951 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 4520 128th Place.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.