Loan Comparison: 3.92% vs 6.5%
8191 131st Court, Thornton, CO 80241 · 2bd/3ba · $1,650,000
List Price
$1,650,000
Assumable Rate
3.92%
Remaining Balance
$459,332
Equity Gap
$1,190,667
Loan Type
VAAdjust Your Scenario
$82,500
$82,500$1,190,667
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.92% (VA)
Blended Rate: 6.45%
Monthly Payment Comparison
New Conventional @ 6.5%
$9,908/moAssumable @ 3.92% + gap loan
$9,920/moAssumed loan: $2,172/mo
Gap financing: $7,748/mo
Your Savings on This Property
8191 131st Court, Thornton · 3.92% 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 ($1,190,667) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($82,500, 5% of purchase price) and a second mortgage for the rest ($1,108,167 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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