Loan Comparison: 2.96% vs 6.5%
12010 Dahlia Drive, Thornton, CO 80241 · 3bd/3ba · $500,000
List Price
$500,000
Assumable Rate
2.96%
Remaining Balance
$427,437
Equity Gap
$72,563
Loan Type
FHAAdjust Your Scenario
$25,000
$25,000$72,563
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.96% (FHA)
Blended Rate: 3.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 2.96% + gap loan
$2,125/moAssumed loan: $1,793/mo
Gap financing: $333/mo
$877less per month with the assumable
Your Savings on This Property
12010 Dahlia Drive, Thornton · 2.96% FHA vs 6.5% conventional
$877
per month
$10,522
per year
$315,674
over 30 years
$315,674
interest saved
How gap financing works: The equity gap ($72,563) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,000, 5% of purchase price) and a second mortgage for the rest ($47,563 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 12010 Dahlia Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.