Loan Comparison: 2.88% vs 6.5%
4438 95th Court, Thornton, CO 80229 · 2bd/3ba · $525,000
List Price
$525,000
Assumable Rate
2.88%
Remaining Balance
$304,626
Equity Gap
$220,374
Loan Type
VAAdjust Your Scenario
$26,250
$26,250$220,374
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 4.68%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,152/moAssumable @ 2.88% + gap loan
$2,622/moAssumed loan: $1,265/mo
Gap financing: $1,357/mo
$530less per month with the assumable
Your Savings on This Property
4438 95th Court, Thornton · 2.88% VA vs 6.5% conventional
$530
per month
$6,365
per year
$190,948
over 30 years
$190,948
interest saved
How gap financing works: The equity gap ($220,374) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,250, 5% of purchase price) and a second mortgage for the rest ($194,124 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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