Loan Comparison: 2.98% vs 6.5%
2285 103rd, Thornton, CO 80229 · 3bd/3ba · $379,900
List Price
$379,900
Assumable Rate
2.98%
Remaining Balance
$263,505
Equity Gap
$116,394
Loan Type
FHAAdjust Your Scenario
$18,995
$18,995$116,394
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.98% (FHA)
Blended Rate: 4.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,281/moAssumable @ 2.98% + gap loan
$1,857/moAssumed loan: $1,108/mo
Gap financing: $749/mo
$424less per month with the assumable
Your Savings on This Property
2285 103rd, Thornton · 2.98% FHA vs 6.5% conventional
$424
per month
$5,090
per year
$152,692
over 30 years
$152,691
interest saved
How gap financing works: The equity gap ($116,394) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,995, 5% of purchase price) and a second mortgage for the rest ($97,399 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.
🏠
Back to This Listing
View photos, details, and request a showing for 2285 103rd.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.