Loan Comparison: 6.5% vs 6.5%
11385 Kearney Way, Thornton, CO 80233 · 2bd/2ba · $575,000
List Price
$575,000
Assumable Rate
6.5%
Remaining Balance
$530,258
Equity Gap
$44,742
Loan Type
VAAdjust Your Scenario
$28,750
$28,750$44,742
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.5% (VA)
Blended Rate: 6.53%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,453/moAssumable @ 6.5% + gap loan
$3,463/moAssumed loan: $3,352/mo
Gap financing: $112/mo
Your Savings on This Property
11385 Kearney Way, Thornton · 6.5% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($44,742) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,750, 5% of purchase price) and a second mortgage for the rest ($15,992 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 11385 Kearney Way.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.