Loan Comparison: 2.77% vs 6.5%
13221 Columbine Circle, Thornton, CO 80602 · 5bd/5ba · $590,000
List Price
$590,000
Assumable Rate
2.77%
Remaining Balance
$127,801
Equity Gap
$462,198
Loan Type
VAAdjust Your Scenario
$29,500
$29,500$462,198
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.77% (VA)
Blended Rate: 6.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,543/moAssumable @ 2.77% + gap loan
$3,549/moAssumed loan: $523/mo
Gap financing: $3,025/mo
Your Savings on This Property
13221 Columbine Circle, Thornton · 2.77% 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 ($462,198) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($29,500, 5% of purchase price) and a second mortgage for the rest ($432,698 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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