Loan Comparison: 2.94% vs 6.5%
7353 129th, Thornton, CO 80602 · 4bd/4ba · $725,000
List Price
$725,000
Assumable Rate
2.94%
Remaining Balance
$426,529
Equity Gap
$398,471
Loan Type
VAAdjust Your Scenario
$36,250
$36,250$398,471
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.94% (VA)
Blended Rate: 5.49%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,353/moAssumable @ 2.94% + gap loan
$4,570/moAssumed loan: $1,784/mo
Gap financing: $2,785/mo
Your Savings on This Property
7353 129th, Thornton · 2.94% VA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$22,136
interest saved
How gap financing works: The equity gap ($398,471) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,250, 5% of purchase price) and a second mortgage for the rest ($362,221 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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