Loan Comparison: 3.02% vs 6.5%
12443 Bellaire, Thornton, CO 80241 · 6bd/3ba · $539,900
List Price
$539,900
Assumable Rate
3.02%
Remaining Balance
$320,692
Equity Gap
$218,475
Loan Type
VAAdjust Your Scenario
$26,995
$26,995$218,475
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.02% (VA)
Blended Rate: 5.07%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,242/moAssumable @ 3.02% + gap loan
$2,828/moAssumed loan: $1,356/mo
Gap financing: $1,472/mo
$414less per month with the assumable
Your Savings on This Property
12443 Bellaire, Thornton · 3.02% VA vs 6.5% conventional
$414
per month
$4,969
per year
$149,069
over 30 years
$148,336
interest saved
How gap financing works: The equity gap ($218,475) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($26,995, 5% of purchase price) and a second mortgage for the rest ($191,480 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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