Loan Comparison: 6.39% vs 6.5%
6363 142nd Place, Thornton, CO 80602 · 2bd/3ba · $725,000
List Price
$725,000
Assumable Rate
6.39%
Remaining Balance
$569,040
Equity Gap
$155,959
Loan Type
VAAdjust Your Scenario
$36,250
$36,250$155,959
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.39% (VA)
Blended Rate: 6.58%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,353/moAssumable @ 6.39% + gap loan
$4,393/moAssumed loan: $3,556/mo
Gap financing: $837/mo
Your Savings on This Property
6363 142nd Place, Thornton · 6.39% 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 ($155,959) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,250, 5% of purchase price) and a second mortgage for the rest ($119,709 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 6363 142nd Place.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.