Loan Comparison: 3.76% vs 6.5%
4425 128th Place, Thornton, CO 80602 · 2bd/3ba · $565,000
List Price
$565,000
Assumable Rate
3.76%
Remaining Balance
$429,154
Equity Gap
$135,846
Loan Type
VAAdjust Your Scenario
$28,250
$28,250$135,846
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.76% (VA)
Blended Rate: 4.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,393/moAssumable @ 3.76% + gap loan
$2,742/moAssumed loan: $1,990/mo
Gap financing: $752/mo
$650less per month with the assumable
Your Savings on This Property
4425 128th Place, Thornton · 3.76% VA vs 6.5% conventional
$650
per month
$7,805
per year
$234,138
over 30 years
$234,138
interest saved
How gap financing works: The equity gap ($135,846) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,250, 5% of purchase price) and a second mortgage for the rest ($107,596 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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