Loan Comparison: 4.63% vs 6.5%
2210 126th, Thornton, CO 80241 · 4bd/3ba · $560,000
List Price
$560,000
Assumable Rate
4.63%
Remaining Balance
$352,115
Equity Gap
$207,885
Loan Type
VAAdjust Your Scenario
$28,000
$28,000$207,885
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.63% (VA)
Blended Rate: 5.94%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,363/moAssumable @ 4.63% + gap loan
$3,195/moAssumed loan: $1,811/mo
Gap financing: $1,383/mo
$168less per month with the assumable
Your Savings on This Property
2210 126th, Thornton · 4.63% VA vs 6.5% conventional
$168
per month
$2,016
per year
$60,489
over 30 years
$60,489
interest saved
How gap financing works: The equity gap ($207,885) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($28,000, 5% of purchase price) and a second mortgage for the rest ($179,885 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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