Loan Comparison: 7.18% vs 6.5%
12960 Hudson Street, Thornton, CO 80241 · 4bd/3ba · $500,000
List Price
$500,000
Assumable Rate
7.18%
Remaining Balance
$439,775
Equity Gap
$60,224
Loan Type
VAAdjust Your Scenario
$25,000
$25,000$60,224
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 7.18% (VA)
Blended Rate: 7.20%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,002/moAssumable @ 7.18% + gap loan
$3,225/moAssumed loan: $2,979/mo
Gap financing: $246/mo
Your Savings on This Property
12960 Hudson Street, Thornton · 7.18% 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 ($60,224) 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 ($35,224 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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