Loan Comparison: 4.59% vs 6.5%
12913 Grant, Thornton, CO 80241 · 3bd/3ba · $424,500
List Price
$424,500
Assumable Rate
4.59%
Remaining Balance
$284,182
Equity Gap
$140,317
Loan Type
VAAdjust Your Scenario
$21,225
$21,225$140,317
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.59% (VA)
Blended Rate: 5.74%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,549/moAssumable @ 4.59% + gap loan
$2,371/moAssumed loan: $1,455/mo
Gap financing: $916/mo
$178less per month with the assumable
Your Savings on This Property
12913 Grant, Thornton · 4.59% VA vs 6.5% conventional
$178
per month
$2,137
per year
$64,121
over 30 years
$64,120
interest saved
How gap financing works: The equity gap ($140,317) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,225, 5% of purchase price) and a second mortgage for the rest ($119,092 at 8.5%). 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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