Loan Comparison: 3.69% vs 6.5%
9441 Cedar Court, Thornton, CO 80229 · 3bd/3ba · $365,000
List Price
$365,000
Assumable Rate
3.69%
Remaining Balance
$264,809
Equity Gap
$100,191
Loan Type
VAAdjust Your Scenario
$18,250
$18,250$100,191
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 4.59%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 3.69% + gap loan
$1,790/moAssumed loan: $1,217/mo
Gap financing: $573/mo
$401less per month with the assumable
Your Savings on This Property
9441 Cedar Court, Thornton · 3.69% VA vs 6.5% conventional
$401
per month
$4,817
per year
$144,496
over 30 years
$144,496
interest saved
How gap financing works: The equity gap ($100,191) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($81,941 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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